Senator Investment Group LP decreased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 84.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 180,162 shares of the company's stock after selling 986,492 shares during the period. Senator Investment Group LP owned 0.10% of DigitalBridge Group worth $2,032,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of DigitalBridge Group by 9.8% in the 4th quarter. Covestor Ltd now owns 11,752 shares of the company's stock valued at $133,000 after acquiring an additional 1,049 shares in the last quarter. Summit Investment Advisors Inc. lifted its position 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 purchasing an additional 1,056 shares during the last quarter. Xponance Inc. grew its stake in DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company's stock worth $132,000 after buying an additional 1,321 shares in the last quarter. Stoneridge Investment Partners LLC grew its stake in DigitalBridge Group by 22.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company's stock worth $148,000 after buying an additional 2,408 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of DigitalBridge Group by 0.8% in the 4th quarter. Swiss National Bank now owns 341,625 shares of the company's stock worth $3,854,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 92.69% of the company's stock.
Wall Street Analyst Weigh In
DBRG has been the subject of several research reports. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $16.39.
Get Our Latest Report on DBRG
DigitalBridge Group Stock Up 1.0 %
Shares of DigitalBridge Group stock traded up $0.08 on Friday, hitting $8.48. The stock had a trading volume of 1,691,292 shares, compared to its average volume of 2,525,673. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.36. The stock's 50-day simple moving average is $9.18 and its two-hundred day simple moving average is $11.28. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 282.67, a PEG ratio of 3.46 and a beta of 1.68.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. As a group, equities analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.
DigitalBridge Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.47%. DigitalBridge Group's dividend payout ratio is 133.33%.
DigitalBridge Group Profile
(
Free Report)
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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