DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,776 shares of the company's stock after buying an additional 63,600 shares during the period. Renaissance Technologies LLC owned 0.20% of DigitalBridge Group worth $3,968,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in DigitalBridge Group by 12.7% during the fourth quarter. Xponance Inc. now owns 11,725 shares of the company's stock worth $132,000 after purchasing an additional 1,321 shares in the last quarter. Stoneridge Investment Partners LLC lifted its position in shares of DigitalBridge Group by 22.5% in 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 in the last quarter. Swiss National Bank lifted its position in shares of DigitalBridge Group by 0.8% in 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 in the last quarter. Meeder Asset Management Inc. lifted its position in shares of DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after acquiring an additional 2,710 shares in the last quarter. Finally, KBC Group NV lifted its position 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 acquiring an additional 2,750 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

DBRG has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. B. Riley dropped their target price on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped 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 began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price for the company. Finally, Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, DigitalBridge Group has an average rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Price Performance

DBRG stock traded down $0.14 during midday trading on Monday, reaching $8.35. 1,988,772 shares of the company's stock traded hands, compared to its average volume of 2,526,425. The company has a market capitalization of $1.46 billion, a P/E ratio of 278.33, a PEG ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The business has a 50-day moving average price of $9.13 and a two-hundred day moving average price of $11.18.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analysts' expectations 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 forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. DigitalBridge Group's dividend payout ratio (DPR) is 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.