Senator Investment Group LP Reduces Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Senator Investment Group LP cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 84.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,162 shares of the company's stock after selling 986,492 shares during the period. Senator Investment Group LP owned approximately 0.10% of DigitalBridge Group worth $2,032,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DBRG. Horizon Kinetics Asset Management LLC lifted its holdings in DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after acquiring an additional 4,020,627 shares during the period. Geode Capital Management LLC boosted its holdings in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after buying an additional 317,776 shares during the last quarter. New South Capital Management Inc. grew its position in DigitalBridge Group by 2.9% during the fourth quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock valued at $45,743,000 after buying an additional 115,029 shares during the period. Invesco Ltd. boosted its stake in shares of DigitalBridge Group by 0.5% during the 4th quarter. Invesco Ltd. now owns 3,313,725 shares of the company's stock worth $37,379,000 after acquiring an additional 14,997 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of DigitalBridge Group by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,123,282 shares of the company's stock valued at $35,229,000 after acquiring an additional 109,775 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial cut their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. B. Riley dropped their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Stock Performance

NYSE:DBRG traded up $0.24 during trading hours on Thursday, reaching $8.39. The stock had a trading volume of 2,060,311 shares, compared to its average volume of 2,564,907. The stock has a market capitalization of $1.46 billion, a PE ratio of 279.67, a PEG ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.36. The company has a 50 day moving average price of $9.21 and a two-hundred day moving average price of $11.32.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. Equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.

About DigitalBridge Group

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.