Westwood Holdings Group Inc. Has $19.26 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Westwood Holdings Group Inc. reduced its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,707,385 shares of the company's stock after selling 201,038 shares during the quarter. Westwood Holdings Group Inc. owned 0.98% of DigitalBridge Group worth $19,259,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC boosted its holdings in shares of DigitalBridge Group by 868.9% in 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 in the last quarter. Lazard Asset Management LLC boosted its stake in DigitalBridge Group by 384.5% in the fourth 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. Brown Advisory Inc. boosted its stake 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 buying an additional 1,605,391 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in 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 valued at $25,971,000 after buying an additional 1,294,275 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in DigitalBridge Group by 28.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock valued at $62,889,000 after buying an additional 1,218,901 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $11.55 on Tuesday. The firm has a market cap of $2.04 billion, a PE ratio of 385.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The firm's fifty day moving average is $8.72 and its 200-day moving average is $10.50. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its 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 firm had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. Sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently announced 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 0.35%. DigitalBridge Group's payout ratio is 13.33%.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of research analyst reports. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a research report on Friday. Truist Financial cut their price objective on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $16.06.

About DigitalBridge Group

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.

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