Frontier Capital Management Co. LLC Raises Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Frontier Capital Management Co. LLC lifted its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 28.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,575,225 shares of the company's stock after purchasing an additional 1,218,901 shares during the period. Frontier Capital Management Co. LLC owned about 3.20% of DigitalBridge Group worth $62,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its position in DigitalBridge Group by 9.8% during the 4th 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 fourth quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock valued at $188,000 after buying an additional 1,056 shares during the period. Xponance Inc. raised its stake in DigitalBridge Group by 12.7% in the fourth quarter. Xponance Inc. now owns 11,725 shares of the company's stock worth $132,000 after buying an additional 1,321 shares in the last quarter. Stoneridge Investment Partners LLC lifted its holdings in DigitalBridge Group by 22.5% in 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 boosted its position in DigitalBridge Group by 0.8% during 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 in the last quarter. 92.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. Truist Financial decreased their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. Finally, 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 note on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $16.06.

DigitalBridge Group Stock Down 0.6 %

Shares of DigitalBridge Group stock traded down $0.05 on Friday, reaching $8.61. The company's stock had a trading volume of 1,581,095 shares, compared to its average volume of 2,477,715. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 287.00, a P/E/G ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The firm's fifty day simple moving average is $8.62 and its two-hundred day simple moving average is $10.77.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 10.98% and a return on equity of 4.29%. As a group, research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid 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 currently 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.