Sterling Capital Management LLC Has $43,000 Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Sterling Capital Management LLC trimmed its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 89.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,785 shares of the company's stock after selling 30,706 shares during the quarter. Sterling Capital Management LLC's holdings in DigitalBridge Group were worth $43,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in DigitalBridge Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after buying an additional 99,891 shares in the last quarter. Barclays PLC grew its holdings in shares of DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after purchasing an additional 210,533 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in DigitalBridge Group by 868.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after purchasing an additional 4,020,627 shares during the last quarter. OFI Invest Asset Management bought a new stake in DigitalBridge Group during the fourth quarter worth about $305,000. Finally, LB Partners LLC acquired a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $2,820,000. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Up 0.1 %

DigitalBridge Group stock traded up $0.01 during midday trading on Wednesday, hitting $8.37. 2,340,576 shares of the stock were exchanged, compared to its average volume of 2,525,041. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The stock has a market capitalization of $1.46 billion, a PE ratio of 279.00, a P/E/G ratio of 3.46 and a beta of 1.68. The company has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $11.14.

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

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.

Wall Street Analyst Weigh In

DBRG has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective on the stock. Truist Financial dropped their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Finally, Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $16.39.

DigitalBridge Group 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.