DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,123,282 shares of the company's stock after purchasing an additional 109,775 shares during the quarter. Dimensional Fund Advisors LP owned 1.79% of DigitalBridge Group worth $35,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DBRG. Spire Wealth Management acquired a new stake in DigitalBridge Group in the 4th quarter valued at about $37,000. Manchester Capital Management LLC raised its holdings in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after acquiring an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after acquiring an additional 2,710 shares during the last quarter. KBC Group NV grew its holdings in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. 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 report on Tuesday, March 25th. Wells Fargo & Company upped their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday. One 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 stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Stock Down 0.6 %

DBRG traded down $0.05 on Friday, hitting $8.61. 1,581,095 shares of the company traded hands, compared to its average volume of 2,477,715. The company has a 50 day moving average of $8.62 and a 200-day moving average of $10.77. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The stock has a market capitalization of $1.50 billion, a PE ratio of 287.00, a PEG ratio of 3.46 and a beta of 1.58.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. On average, research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 is Monday, June 30th. DigitalBridge Group's payout ratio is 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.