DigitalBridge Group, Inc. (NYSE:DBRG) Stake Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 89.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,785 shares of the company's stock after selling 30,706 shares during the period. Sterling Capital Management LLC's holdings in DigitalBridge Group were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DBRG. Covestor Ltd lifted its holdings in DigitalBridge Group by 9.8% during the 4th quarter. Covestor Ltd now owns 11,752 shares of the company's stock worth $133,000 after buying an additional 1,049 shares during the last quarter. Xponance Inc. grew its position in shares of DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company's stock valued at $132,000 after buying an additional 1,321 shares during the last quarter. Stoneridge Investment Partners LLC raised its stake in DigitalBridge Group by 22.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company's stock worth $148,000 after acquiring an additional 2,408 shares in the last quarter. Swiss National Bank lifted its position in DigitalBridge Group by 0.8% in the fourth quarter. Swiss National Bank now owns 341,625 shares of the company's stock valued at $3,854,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after acquiring an additional 2,710 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Down 0.4 %

Shares of NYSE:DBRG traded down $0.04 during trading on Tuesday, reaching $8.33. The stock had a trading volume of 868,384 shares, compared to its average volume of 2,520,129. The stock has a market cap of $1.45 billion, a P/E ratio of 278.17, a PEG ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The business has a fifty day moving average price of $9.13 and a 200-day moving average price of $11.18.

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

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.48%. DigitalBridge Group's dividend payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DBRG shares. JMP Securities began coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods reduced their price objective on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research note on Wednesday, February 26th. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, DigitalBridge Group has an average rating of "Buy" and a consensus target price of $16.39.

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.