Thornburg Investment Management Inc. Cuts Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Thornburg Investment Management Inc. lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 475,119 shares of the company's stock after selling 170,919 shares during the period. Thornburg Investment Management Inc. owned approximately 0.27% of DigitalBridge Group worth $5,359,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rockbridge Capital Management LLC acquired a new position in DigitalBridge Group during the 4th quarter worth $5,102,000. Point72 Asset Management L.P. grew its holdings in DigitalBridge Group by 788.8% during the 4th quarter. Point72 Asset Management L.P. now owns 1,167,459 shares of the company's stock worth $13,169,000 after acquiring an additional 1,036,105 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of DigitalBridge Group in the 4th quarter valued at approximately $39,000. Potrero Capital Research LLC raised its holdings in shares of DigitalBridge Group by 2.2% in the 4th quarter. Potrero Capital Research LLC now owns 1,460,626 shares of the company's stock valued at $16,476,000 after purchasing an additional 30,969 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of DigitalBridge Group by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 44,773 shares of the company's stock valued at $505,000 after purchasing an additional 14,733 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. One equities research 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. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Stock Down 3.6%

DBRG traded down $0.42 during trading on Wednesday, hitting $10.97. 2,747,401 shares of the stock were exchanged, compared to its average volume of 2,564,222. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The stock has a fifty day moving average price of $8.77 and a two-hundred day moving average price of $10.51. The firm has a market capitalization of $1.93 billion, a P/E ratio of 365.50, a PEG ratio of 3.46 and a beta of 1.58.

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

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. DigitalBridge Group's dividend payout ratio 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.