Northern Trust Corp Acquires 26,930 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Northern Trust Corp lifted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,522,539 shares of the company's stock after purchasing an additional 26,930 shares during the period. Northern Trust Corp owned 0.87% of DigitalBridge Group worth $17,174,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in DigitalBridge Group by 9.8% during the fourth quarter. Covestor Ltd now owns 11,752 shares of the company's stock valued at $133,000 after acquiring an additional 1,049 shares during the period. Summit Investment Advisors Inc. increased its stake in 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 acquiring an additional 1,056 shares during the period. Xponance Inc. increased its stake in DigitalBridge Group by 12.7% during the fourth quarter. Xponance Inc. now owns 11,725 shares of the company's stock valued at $132,000 after acquiring an additional 1,321 shares during the period. Stoneridge Investment Partners LLC increased 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 valued at $148,000 after acquiring an additional 2,408 shares during the period. Finally, Swiss National Bank increased its stake in DigitalBridge Group by 0.8% during the fourth 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.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company upped their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their price objective on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $16.06.

DigitalBridge Group Price Performance

Shares of DBRG opened at $9.60 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of 320.00, a PEG ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The business's 50 day simple moving average is $8.57 and its 200-day simple moving average is $10.65.

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 business 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%. On average, sell-side analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently announced 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. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's payout ratio 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.

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