Cantor Fitzgerald L. P. Buys New Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Cantor Fitzgerald L. P. purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 595,602 shares of the company's stock, valued at approximately $6,718,000. DigitalBridge Group accounts for about 0.1% of Cantor Fitzgerald L. P.'s investment portfolio, making the stock its 21st largest position. Cantor Fitzgerald L. P. owned about 0.34% of DigitalBridge Group at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of DigitalBridge Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after buying an additional 99,891 shares during the period. Barclays PLC lifted its position in shares of DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after purchasing an additional 210,533 shares during the period. Horizon Kinetics Asset Management LLC boosted its stake in shares of DigitalBridge Group by 868.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after purchasing an additional 4,020,627 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $305,000. Finally, LB Partners LLC bought a new position in DigitalBridge Group in the fourth quarter worth about $2,820,000. Hedge funds and other institutional investors own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DBRG shares. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Truist Financial lowered their price objective on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price on the stock. B. Riley lowered their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, 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. 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock traded down $0.06 during trading on Wednesday, hitting $8.73. 1,773,371 shares of the company's stock traded hands, compared to its average volume of 2,480,895. The stock has a market capitalization of $1.52 billion, a P/E ratio of 291.00, a PEG ratio of 3.46 and a beta of 1.58. The business has a 50-day simple moving average of $8.72 and a 200-day simple moving average of $10.90. 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 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. On average, equities analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently 13.33%.

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.