Schwartz Investment Counsel Inc. Grows Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Schwartz Investment Counsel Inc. boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 23.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 768,441 shares of the company's stock after acquiring an additional 147,100 shares during the period. Schwartz Investment Counsel Inc. owned 0.44% of DigitalBridge Group worth $6,778,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC raised its stake in DigitalBridge Group by 868.9% during the 4th 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. Lazard Asset Management LLC grew its holdings in DigitalBridge Group by 384.5% during the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after buying an additional 2,656,100 shares in the last quarter. Lind Value II ApS bought a new stake in shares of DigitalBridge Group during the first quarter valued at approximately $17,479,000. Brown Advisory Inc. lifted its holdings in shares of DigitalBridge Group by 78.2% in the fourth quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock worth $41,273,000 after buying an additional 1,605,391 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of DigitalBridge Group by 128.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock worth $25,971,000 after buying an additional 1,294,275 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Wall Street Zen raised shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a report on Friday. Truist Financial lifted their target price on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $16.28.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG traded up $0.11 during trading on Tuesday, hitting $10.46. The company had a trading volume of 3,081,604 shares, compared to its average volume of 2,642,157. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The company has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $10.09. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.

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.