GRS Advisors LLC Sells 189,299 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

GRS Advisors LLC cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,647,194 shares of the company's stock after selling 189,299 shares during the period. DigitalBridge Group comprises about 2.9% of GRS Advisors LLC's portfolio, making the stock its 17th biggest position. GRS Advisors LLC owned about 1.52% of DigitalBridge Group worth $29,860,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after purchasing an additional 210,533 shares during the period. Franklin Resources Inc. increased its position in shares of DigitalBridge Group by 33.6% in the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock valued at $2,792,000 after buying an additional 45,333 shares in the last quarter. Nordea Investment Management AB raised its stake in DigitalBridge Group by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 273,609 shares of the company's stock valued at $3,114,000 after purchasing an additional 15,830 shares during the last quarter. Fulton Bank N.A. raised its stake in DigitalBridge Group by 17.9% in the 4th quarter. Fulton Bank N.A. now owns 33,442 shares of the company's stock valued at $377,000 after purchasing an additional 5,070 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in DigitalBridge Group by 41.9% in the 4th quarter. Moody National Bank Trust Division now owns 46,084 shares of the company's stock valued at $520,000 after buying an additional 13,612 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DBRG. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company upped their price target on 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 initiated coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target for the company. Truist Financial reduced their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, 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 research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $16.06.

DigitalBridge Group Price Performance

NYSE:DBRG traded up $0.33 during trading hours on Thursday, reaching $9.84. 259,585 shares of the stock were exchanged, compared to its average volume of 2,465,560. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The firm has a 50 day moving average of $8.57 and a 200 day moving average of $10.65. The stock has a market cap of $1.72 billion, a PE ratio of 327.53, a PEG ratio of 3.46 and a beta of 1.58.

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 the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million during 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%. Equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently 13.33%.

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.