DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Beryl Capital Management LLC

Beryl Capital Management LLC boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 302.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 204,633 shares of the company's stock after purchasing an additional 153,763 shares during the quarter. DigitalBridge Group comprises 0.5% of Beryl Capital Management LLC's portfolio, making the stock its 23rd biggest holding. Beryl Capital Management LLC owned 0.12% of DigitalBridge Group worth $2,308,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after buying an additional 210,533 shares during the period. Tidal Investments LLC lifted its stake in DigitalBridge Group by 22.8% in the third quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock worth $1,413,000 after purchasing an additional 18,536 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of DigitalBridge Group by 33.6% during the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock valued at $2,792,000 after buying an additional 45,333 shares during the period. Nordea Investment Management AB grew its stake in shares of DigitalBridge Group by 6.1% during the fourth quarter. Nordea Investment Management AB now owns 273,609 shares of the company's stock valued at $3,114,000 after buying an additional 15,830 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of DigitalBridge Group by 17.9% in the fourth quarter. Fulton Bank N.A. now owns 33,442 shares of the company's stock worth $377,000 after buying an additional 5,070 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DBRG has been the subject of a number of recent analyst reports. B. Riley dropped their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. JMP Securities initiated coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective for the company. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Truist Financial reduced their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $16.06.

DigitalBridge Group Trading Down 0.7 %

Shares of DBRG traded down $0.06 during trading hours on Wednesday, hitting $8.73. The company had a trading volume of 1,773,371 shares, compared to its average volume of 2,480,895. The company has a market capitalization of $1.52 billion, a PE ratio of 291.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The company's fifty day moving average price is $8.77 and its two-hundred day moving average price is $10.92.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping 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 business had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. Analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given 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 13.33%.

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.