Dimensional Fund Advisors LP Acquires 109,775 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Dimensional Fund Advisors LP lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,123,282 shares of the company's stock after buying an additional 109,775 shares during the period. Dimensional Fund Advisors LP owned approximately 1.79% of DigitalBridge Group worth $35,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of DigitalBridge Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock worth $34,186,000 after acquiring an additional 99,891 shares during the period. Barclays PLC lifted its position in DigitalBridge Group by 364.3% in the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after purchasing an additional 210,533 shares during the period. Horizon Kinetics Asset Management LLC lifted its position in DigitalBridge Group by 868.9% in the fourth 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 during the period. OFI Invest Asset Management purchased a new stake in DigitalBridge Group in the 4th quarter valued at approximately $305,000. Finally, LB Partners LLC acquired a new position in DigitalBridge Group during the 4th quarter worth approximately $2,820,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Truist Financial reduced their price target on shares of 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 DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, B. Riley dropped their price target on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Stock Down 0.7 %

DBRG traded down $0.06 during trading on Wednesday, reaching $8.73. The stock had a trading volume of 1,773,371 shares, compared to its average volume of 2,480,895. The stock has a 50 day moving average of $8.72 and a two-hundred day moving average of $10.90. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 291.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. 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 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. On average, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently announced 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. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's payout ratio is 13.33%.

About DigitalBridge Group

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.