DigitalBridge Group, Inc. (NYSE:DBRG) Stock Position Boosted by Potrero Capital Research LLC

Potrero Capital Research LLC raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,460,626 shares of the company's stock after purchasing an additional 30,969 shares during the quarter. DigitalBridge Group accounts for approximately 5.5% of Potrero Capital Research LLC's investment portfolio, making the stock its 4th largest holding. Potrero Capital Research LLC owned approximately 0.84% of DigitalBridge Group worth $16,476,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in DigitalBridge Group by 384.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after purchasing an additional 2,656,100 shares in the last quarter. Northern Trust Corp grew its position in shares of DigitalBridge Group by 1.8% in the 4th quarter. Northern Trust Corp now owns 1,522,539 shares of the company's stock worth $17,174,000 after buying an additional 26,930 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of DigitalBridge Group by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock worth $34,186,000 after acquiring an additional 99,891 shares in the last quarter. Barclays PLC boosted its stake in DigitalBridge Group by 364.3% in the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after acquiring an additional 210,533 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in shares of DigitalBridge Group by 868.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after purchasing an additional 4,020,627 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DBRG shares. Keefe, Bruyette & Woods lowered their price objective on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Truist Financial decreased their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. One investment 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, DigitalBridge Group currently has an average rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Price Performance

DBRG stock traded down $0.40 during midday trading on Monday, hitting $11.55. 5,200,921 shares of the stock traded hands, compared to its average volume of 2,558,133. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The firm has a market cap of $2.02 billion, a P/E ratio of 385.00, a PEG ratio of 3.46 and a beta of 1.58. The stock's fifty day simple moving average is $8.68 and its 200-day simple moving average is $10.52.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping 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%. On average, research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. DigitalBridge Group's dividend payout ratio is currently 13.33%.

DigitalBridge Group Company 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.