DigitalBridge Group, Inc. (NYSE:DBRG) Stake Cut by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and 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 about 0.27% of DigitalBridge Group worth $5,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBRG. Frontier Capital Management Co. LLC grew its holdings in shares of DigitalBridge Group by 28.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock worth $62,889,000 after purchasing an additional 1,218,901 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its stake in shares of DigitalBridge Group by 868.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after acquiring an additional 4,020,627 shares during the period. New South Capital Management Inc. raised its holdings in DigitalBridge Group by 2.9% during the fourth quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock worth $45,743,000 after purchasing an additional 115,029 shares in the last quarter. Brown Advisory Inc. lifted its position in DigitalBridge Group by 78.2% in the fourth quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock valued at $41,273,000 after purchasing an additional 1,605,391 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after purchasing an additional 2,656,100 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DBRG has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Keefe, Bruyette & Woods reduced their price objective 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. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, Truist Financial cut their price objective on 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $16.06.

DigitalBridge Group Stock Up 0.9%

Shares of DBRG stock traded up $0.10 on Friday, reaching $10.97. 572,853 shares of the stock were exchanged, compared to its average volume of 2,560,786. The stock has a market cap of $1.93 billion, a P/E ratio of 365.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The firm has a 50 day moving average of $8.82 and a two-hundred day moving average of $10.50. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced 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 company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

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