Brevan Howard Capital Management LP Invests $407,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

Brevan Howard Capital Management LP purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,107 shares of the company's stock, valued at approximately $407,000.

Several other hedge funds have also added to or reduced their stakes in DBRG. Spire Wealth Management purchased a new position in shares of DigitalBridge Group in the fourth quarter valued at about $37,000. Manchester Capital Management LLC increased its position in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after acquiring an additional 2,765 shares during the period. Meeder Asset Management Inc. increased its position in shares of 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 during the period. KBC Group NV increased 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. increased its position in shares of DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after buying an additional 6,153 shares during the period. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

DigitalBridge Group stock traded up $0.49 during midday trading on Wednesday, reaching $9.60. 3,146,112 shares of the company traded hands, compared to its average volume of 2,473,552. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 320.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The business has a 50 day moving average of $8.58 and a two-hundred day moving average of $10.66. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share 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 company had revenue of $101.55 million for 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.42%. DigitalBridge Group's payout ratio is presently 13.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DBRG. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. Truist Financial reduced their price target 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. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. One equities research 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. According to MarketBeat, DigitalBridge Group has a consensus rating of "Buy" and a consensus price target of $16.06.

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.