Cantor Fitzgerald L. P. Invests $6.72 Million in DigitalBridge Group, Inc. (NYSE:DBRG)

Cantor Fitzgerald L. P. bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 595,602 shares of the company's stock, valued at approximately $6,718,000. DigitalBridge Group comprises 0.1% of Cantor Fitzgerald L. P.'s holdings, making the stock its 21st largest holding. Cantor Fitzgerald L. P. owned about 0.34% of DigitalBridge Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in DigitalBridge Group by 9.8% in the fourth quarter. Covestor Ltd now owns 11,752 shares of the company's stock worth $133,000 after acquiring an additional 1,049 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of DigitalBridge Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock worth $188,000 after purchasing an additional 1,056 shares during the period. Xponance Inc. lifted its holdings in shares of DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company's stock worth $132,000 after purchasing an additional 1,321 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in DigitalBridge Group by 22.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company's stock valued at $148,000 after purchasing an additional 2,408 shares during the period. Finally, Swiss National Bank grew its stake in DigitalBridge Group by 0.8% during the 4th quarter. Swiss National Bank now owns 341,625 shares of the company's stock worth $3,854,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analyst Weigh In

DBRG has been the subject of several analyst reports. JMP Securities initiated 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 for the company. Wells Fargo & Company upped 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. JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday. Finally, Truist Financial cut their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. One investment 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.com, the company currently 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 $0.05 during trading on Friday, hitting $8.61. The stock had a trading volume of 1,581,095 shares, compared to its average volume of 2,477,715. The business has a fifty day moving average of $8.62 and a two-hundred day moving average of $10.77. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The firm has a market cap of $1.50 billion, a P/E ratio of 287.00, a PEG ratio of 3.46 and a beta of 1.58.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $93.01 million. As a group, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

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

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.