Raymond James & Associates Acquires 355,524 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Raymond James & Associates grew its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 311.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,647 shares of the company's stock after purchasing an additional 355,524 shares during the period. Raymond James & Associates owned about 0.29% of DigitalBridge Group worth $8,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Resource Council acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $251,000. Moody National Bank Trust Division increased its stake in DigitalBridge Group by 22.6% in the fourth quarter. Moody National Bank Trust Division now owns 26,627 shares of the company's stock valued at $467,000 after acquiring an additional 4,904 shares during the period. Fulton Bank N.A. increased its stake in DigitalBridge Group by 16.8% in the fourth quarter. Fulton Bank N.A. now owns 14,459 shares of the company's stock valued at $254,000 after acquiring an additional 2,083 shares during the period. Public Employees Retirement System of Ohio increased its stake in DigitalBridge Group by 28.8% in the third quarter. Public Employees Retirement System of Ohio now owns 622,240 shares of the company's stock valued at $10,939,000 after acquiring an additional 139,240 shares during the period. Finally, Vanguard Group Inc. increased its stake in DigitalBridge Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company's stock valued at $410,985,000 after acquiring an additional 83,381 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 0.5 %

NYSE DBRG traded up $0.10 on Friday, reaching $18.42. The company's stock had a trading volume of 1,041,424 shares, compared to its average volume of 2,103,992. The firm has a market cap of $3.01 billion, a PE ratio of 37.59 and a beta of 1.91. The business has a 50-day moving average price of $18.98 and a 200 day moving average price of $17.64. DigitalBridge Group, Inc. has a 52 week low of $10.20 and a 52 week high of $20.99.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, beating 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%. Analysts anticipate that DigitalBridge Group, Inc. will post -0.14 earnings per share for the current fiscal 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 dividend of $0.01 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. DigitalBridge Group's payout ratio is 8.16%.

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.