Point72 Asset Management L.P. Has $13.17 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Point72 Asset Management L.P. grew its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 788.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,167,459 shares of the company's stock after purchasing an additional 1,036,105 shares during the period. Point72 Asset Management L.P. owned approximately 0.67% of DigitalBridge Group worth $13,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Spire Wealth Management bought a new stake in shares of DigitalBridge Group in the 4th quarter worth approximately $37,000. Point72 Hong Kong Ltd acquired a new position in DigitalBridge Group in the fourth quarter worth approximately $39,000. Manchester Capital Management LLC increased its holdings in shares of 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 buying an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after acquiring an additional 2,710 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of 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. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Trading Down 0.7%

NYSE:DBRG traded down $0.08 on Thursday, hitting $10.89. 2,412,334 shares of the company's stock traded hands, compared to its average volume of 2,563,617. The company has a market cap of $1.92 billion, a PE ratio of 363.00, 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. The firm has a 50-day moving average price of $8.80 and a 200-day moving average price of $10.51.

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

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio is currently 13.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DBRG shares. Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Truist Financial dropped their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, JMP Securities restated a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. 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. According to MarketBeat.com, DigitalBridge Group currently has an average rating of "Buy" and a consensus price target 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.