Short Interest in DigitalBridge Group, Inc. (NYSE:DBRG) Declines By 10.1%

DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 20,240,000 shares, a decline of 10.1% from the March 15th total of 22,510,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 9.6 days. Currently, 12.5% of the company's stock are sold short.

DigitalBridge Group Trading Down 1.8 %

DBRG stock traded down $0.33 during trading on Monday, reaching $18.18. The stock had a trading volume of 1,709,054 shares, compared to its average volume of 2,065,888. DigitalBridge Group has a 1-year low of $10.20 and a 1-year high of $20.99. The company has a market capitalization of $2.97 billion, a P/E ratio of 37.10 and a beta of 1.91. The firm has a fifty day moving average price of $18.81 and a 200 day moving average price of $17.71.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The firm had revenue of $350.31 million for the quarter, compared to analyst estimates of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. Sell-side analysts predict that DigitalBridge Group will post -0.14 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Wednesday, March 27th. DigitalBridge Group's payout ratio is currently 8.16%.

Institutional Investors Weigh In On DigitalBridge Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund grew its position in shares of DigitalBridge Group by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 151,149 shares of the company's stock valued at $2,651,000 after buying an additional 514 shares during the last quarter. Stifel Financial Corp grew its position in shares of DigitalBridge Group by 0.9% during the 4th quarter. Stifel Financial Corp now owns 59,297 shares of the company's stock valued at $1,040,000 after buying an additional 538 shares during the last quarter. Arizona State Retirement System grew its position in shares of DigitalBridge Group by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 46,093 shares of the company's stock valued at $810,000 after buying an additional 694 shares during the last quarter. Strs Ohio grew its position in shares of DigitalBridge Group by 2.1% during the 3rd quarter. Strs Ohio now owns 34,200 shares of the company's stock valued at $601,000 after buying an additional 700 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in shares of DigitalBridge Group by 4.5% during the 3rd quarter. Independent Advisor Alliance now owns 17,076 shares of the company's stock valued at $300,000 after buying an additional 734 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

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.