Comerica Bank raised its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 157.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,803 shares of the company's stock after purchasing an additional 215,940 shares during the quarter. Comerica Bank owned approximately 0.20% of DigitalBridge Group worth $3,980,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position 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 last quarter. Tidal Investments LLC increased its holdings in shares of DigitalBridge Group by 22.8% during the 3rd quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock valued at $1,413,000 after acquiring an additional 18,536 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of DigitalBridge Group by 33.6% in the 3rd quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock valued at $2,792,000 after acquiring an additional 45,333 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of DigitalBridge Group by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 273,609 shares of the company's stock valued at $3,114,000 after acquiring an additional 15,830 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in DigitalBridge Group by 17.9% in the 4th quarter. Fulton Bank N.A. now owns 33,442 shares of the company's stock worth $377,000 after purchasing an additional 5,070 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.
DigitalBridge Group Stock Performance
Shares of DBRG stock traded down $0.05 during trading hours on Friday, hitting $8.61. The company had a trading volume of 1,581,095 shares, compared to its average volume of 2,476,528. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 287.00, a PEG ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The firm's fifty day moving average is $8.62 and its 200 day moving average is $10.80.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. On average, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.
DigitalBridge Group Dividend Announcement
The company 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 dividend on an annualized basis and a yield of 0.46%. DigitalBridge Group's dividend payout ratio (DPR) is presently 13.33%.
Analyst Ratings Changes
A number of research analysts recently issued reports on DBRG shares. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday. Truist Financial dropped their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Finally, JMP Securities started coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $16.06.
View Our Latest Analysis on DBRG
About DigitalBridge Group
(
Free Report)
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.
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