DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 44.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,474 shares of the company's stock after acquiring an additional 92,024 shares during the period. First Trust Advisors LP owned 0.17% of DigitalBridge Group worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DBRG. Covestor Ltd raised its position in DigitalBridge Group by 9.8% in the fourth quarter. Covestor Ltd now owns 11,752 shares of the company's stock valued at $133,000 after purchasing an additional 1,049 shares during the period. Summit Investment Advisors Inc. increased its position in shares of DigitalBridge Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock worth $188,000 after purchasing an additional 1,056 shares during the last quarter. Xponance Inc. raised its holdings in DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company's stock valued at $132,000 after buying an additional 1,321 shares during the period. Stoneridge Investment Partners LLC boosted its stake in DigitalBridge Group by 22.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company's stock worth $148,000 after buying an additional 2,408 shares during the period. Finally, Swiss National Bank raised its stake in shares of DigitalBridge Group by 0.8% in the 4th quarter. Swiss National Bank now owns 341,625 shares of the company's stock valued at $3,854,000 after acquiring an additional 2,700 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded up $0.11 during midday trading on Friday, hitting $8.77. 396,363 shares of the company's stock were exchanged, compared to its average volume of 2,469,758. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 292.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The firm's 50 day simple moving average is $8.67 and its 200 day simple moving average is $10.85.

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

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued 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 0.46%. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.

Wall Street Analyst Weigh In

DBRG has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Truist Financial reduced their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. 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 research report on Tuesday. JMP Securities initiated coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, DigitalBridge Group presently has a consensus rating of "Buy" and an average target price of $16.06.

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.