DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 788.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,167,459 shares of the company's stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management purchased a new stake in DigitalBridge Group during the 4th quarter worth $37,000. Point72 Hong Kong Ltd purchased a new stake in DigitalBridge Group during the 4th quarter worth $39,000. Manchester Capital Management LLC boosted its position in DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after purchasing an additional 2,765 shares during the period. Meeder Asset Management Inc. boosted its position in DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after purchasing an additional 2,710 shares during the period. Finally, KBC Group NV boosted its position 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 purchasing an additional 2,750 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DBRG. Wells Fargo & Company upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Finally, Truist Financial decreased their price objective 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. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, DigitalBridge Group presently has an average rating of "Buy" and an average target price of $16.06.

DigitalBridge Group Trading Up 2.6%

NYSE:DBRG traded up $0.28 on Friday, reaching $11.15. The stock had a trading volume of 3,415,051 shares, compared to its average volume of 2,577,167. The company has a 50-day moving average of $8.85 and a 200 day moving average of $10.47. The stock has a market cap of $1.97 billion, a P/E ratio of 371.67, a price-to-earnings-growth 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.

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

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid 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 0.36%. DigitalBridge Group's dividend payout ratio (DPR) is presently 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.