DigitalBridge Group, Inc. (NYSE:DBRG) Stake Reduced by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,342,763 shares of the company's stock after selling 7,221,911 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 3.07% of DigitalBridge Group worth $60,267,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of DigitalBridge Group by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,398 shares of the company's stock worth $1,257,000 after purchasing an additional 2,841 shares during the period. Hsbc Holdings PLC grew its stake in DigitalBridge Group by 161.9% during the fourth quarter. Hsbc Holdings PLC now owns 60,675 shares of the company's stock worth $685,000 after buying an additional 37,507 shares during the period. MetLife Investment Management LLC increased its position in shares of DigitalBridge Group by 4.7% in the fourth quarter. MetLife Investment Management LLC now owns 95,670 shares of the company's stock worth $1,079,000 after acquiring an additional 4,291 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DigitalBridge Group by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,123,282 shares of the company's stock worth $35,229,000 after acquiring an additional 109,775 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of DigitalBridge Group by 44.1% in the 4th quarter. First Trust Advisors LP now owns 300,474 shares of the company's stock valued at $3,389,000 after acquiring an additional 92,024 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG traded down $0.06 during midday trading on Tuesday, reaching $8.30. The company had a trading volume of 2,161,294 shares, compared to its average volume of 2,524,970. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The stock has a market capitalization of $1.45 billion, a P/E ratio of 276.67, a PEG ratio of 3.46 and a beta of 1.68. The stock's fifty day moving average price is $9.13 and its 200-day moving average price is $11.18.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued 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. The business had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 (DPR) is 133.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target for the company. Truist Financial dropped their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company boosted their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target 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.