Brown Advisory Inc. Acquires 1,605,391 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Brown Advisory Inc. lifted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,658,935 shares of the company's stock after purchasing an additional 1,605,391 shares during the quarter. Brown Advisory Inc. owned 2.10% of DigitalBridge Group worth $41,273,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Balyasny Asset Management L.P. raised its position in shares of DigitalBridge Group by 128.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock valued at $25,971,000 after buying an additional 1,294,275 shares in the last quarter. Beryl Capital Management LLC raised its stake in DigitalBridge Group by 302.3% during the fourth quarter. Beryl Capital Management LLC now owns 204,633 shares of the company's stock worth $2,308,000 after buying an additional 153,763 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of DigitalBridge Group in the 4th quarter worth about $787,000. Ameriprise Financial Inc. lifted its stake in DigitalBridge Group by 17.7% in the fourth quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company's stock valued at $7,469,000 after buying an additional 99,520 shares during the period. Finally, Algert Global LLC bought a new position in shares of DigitalBridge Group during the 4th quarter worth about $1,009,000. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Trading Down 0.6 %

DBRG stock traded down $0.05 on Friday, hitting $8.61. The company had a trading volume of 1,581,095 shares, compared to its average volume of 2,477,715. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 287.00, a P/E/G ratio of 3.46 and a beta of 1.58. The stock's 50-day simple moving average is $8.62 and its 200 day simple moving average is $10.77. 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 announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) 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 business had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. Research 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's dividend payout ratio is presently 13.33%.

Wall Street Analysts Forecast Growth

DBRG has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. JMP Securities initiated coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 target price on the stock. Wells Fargo & Company increased their target price 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. Finally, Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price 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.