43,157 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 43,157 shares of the company's stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DBRG. Spire Wealth Management purchased a new stake in DigitalBridge Group in the fourth quarter worth approximately $37,000. Manchester Capital Management LLC boosted its stake in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after buying an additional 2,765 shares during the period. Meeder Asset Management Inc. lifted its position in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after purchasing an additional 2,710 shares during the last quarter. KBC Group NV raised its position in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after buying an additional 6,153 shares during the period. Institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

DBRG has been the topic of a number of recent research reports. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note 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 on the stock in a report on Tuesday, January 21st. 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. Wells Fargo & Company boosted their price objective 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. Finally, JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 target price for the company. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $16.06.

DigitalBridge Group Trading Up 1.3 %

Shares of DigitalBridge Group stock traded up $0.11 on Friday, reaching $8.77. 524,411 shares of the company were exchanged, compared to its average volume of 2,470,162. The stock has a fifty day moving average price of $8.67 and a 200-day moving average price of $10.85. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 292.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33.

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, topping analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. On average, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company 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 $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. DigitalBridge Group's dividend payout ratio (DPR) 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.