Avenir Corp Has $1.42 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Avenir Corp trimmed its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,539 shares of the company's stock after selling 42,252 shares during the period. Avenir Corp owned approximately 0.07% of DigitalBridge Group worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DBRG. Gamco Investors INC. ET AL boosted its position in shares of DigitalBridge Group by 35.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 131,685 shares of the company's stock valued at $1,485,000 after purchasing an additional 34,783 shares during the period. Portolan Capital Management LLC lifted its holdings in DigitalBridge Group by 238.1% in the fourth quarter. Portolan Capital Management LLC now owns 791,932 shares of the company's stock valued at $8,933,000 after acquiring an additional 557,694 shares during the period. XTX Topco Ltd acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $405,000. Mariner LLC increased its stake in DigitalBridge Group by 26.5% in the 4th quarter. Mariner LLC now owns 16,272 shares of the company's stock valued at $184,000 after purchasing an additional 3,409 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of DigitalBridge Group by 4.0% during the 4th quarter. Barclays PLC now owns 279,159 shares of the company's stock worth $3,149,000 after buying an additional 10,833 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Up 3.7 %

NYSE DBRG traded up $0.30 on Tuesday, reaching $8.19. The company had a trading volume of 606,282 shares, compared to its average volume of 2,702,179. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.72. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 272.67, a PEG ratio of 3.46 and a beta of 1.68. The stock's 50 day moving average is $9.33 and its 200-day moving average is $11.41.

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

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.49%. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DBRG. Truist Financial cut their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods reduced their price target 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. Finally, Wells Fargo & Company raised their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.39.

DigitalBridge Group Profile

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.