DigitalBridge Group, Inc. (NYSE:DBRG) Stake Raised by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 384.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,346,966 shares of the company's stock after purchasing an additional 2,656,100 shares during the quarter. Lazard Asset Management LLC owned 1.92% of DigitalBridge Group worth $37,753,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC grew its stake in DigitalBridge Group by 28.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock worth $62,889,000 after buying an additional 1,218,901 shares during the last quarter. Clearline Capital LP grew its position in shares of DigitalBridge Group by 49.3% during the fourth quarter. Clearline Capital LP now owns 789,118 shares of the company's stock worth $8,901,000 after acquiring an additional 260,591 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of DigitalBridge Group by 48.4% in the 4th quarter. Deutsche Bank AG now owns 136,794 shares of the company's stock worth $1,543,000 after acquiring an additional 44,623 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth about $407,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth about $6,718,000. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DBRG traded up $0.18 during mid-day trading on Friday, hitting $12.01. The company's stock had a trading volume of 7,276,425 shares, compared to its average volume of 2,550,081. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 400.37, a PEG ratio of 3.46 and a beta of 1.58. The firm has a 50-day moving average price of $8.62 and a 200 day moving average price of $10.62.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The company 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%. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of analyst reports. 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 DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods cut their price objective 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, May 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $16.06.

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.