DigitalBridge Group, Inc. (NYSE:DBRG) Position Lowered by National Bank of Canada FI

National Bank of Canada FI trimmed its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 48.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 183,202 shares of the company's stock after selling 175,284 shares during the period. National Bank of Canada FI owned about 0.11% of DigitalBridge Group worth $2,069,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in DigitalBridge Group during the 4th quarter worth about $37,000. Manchester Capital Management LLC increased its stake in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after purchasing an additional 2,765 shares during the period. Meeder Asset Management Inc. lifted its position in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after purchasing an additional 2,710 shares in the last quarter. KBC Group NV boosted its stake in shares of DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after purchasing an additional 2,750 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after purchasing an additional 6,153 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DBRG. JPMorgan Chase & Co. dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research note on Wednesday, February 26th. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Truist Financial lowered 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 assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $16.39.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded down $0.05 during trading on Monday, reaching $7.58. The company had a trading volume of 93,370 shares, compared to its average volume of 2,541,370. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 252.77, a PEG ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $18.82. The stock's 50 day moving average price is $9.67 and its two-hundred day moving average price is $11.69.

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

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.53%. DigitalBridge Group's dividend payout ratio (DPR) is presently 133.33%.

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.