Balyasny Asset Management L.P. Has $25.97 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Balyasny Asset Management L.P. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 128.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,302,415 shares of the company's stock after buying an additional 1,294,275 shares during the quarter. Balyasny Asset Management L.P. owned about 1.32% of DigitalBridge Group worth $25,971,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of DigitalBridge Group in the fourth quarter worth about $37,000. Manchester Capital Management LLC grew its holdings in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after buying an additional 2,710 shares during the last quarter. KBC Group NV boosted its position in shares of DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Down 0.6 %

DigitalBridge Group stock traded down $0.05 during mid-day trading on Friday, hitting $8.61. 1,581,095 shares of the company were exchanged, compared to its average volume of 2,477,715. The company has a market capitalization of $1.50 billion, a PE ratio of 287.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The business has a fifty day moving average of $8.62 and a 200 day moving average of $10.77. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.

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. 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%. Research analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's payout ratio is currently 13.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on DBRG shares. Wells Fargo & Company upped their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. JMP Securities assumed coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective for the company. Truist Financial decreased their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. One equities 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.com, the stock has a consensus rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Company 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.