T. Rowe Price Investment Management Inc. Has $60.27 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

T. Rowe Price Investment Management Inc. trimmed its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 57.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,342,763 shares of the company's stock after selling 7,221,911 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 3.07% of DigitalBridge Group worth $60,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DBRG. Price T Rowe Associates Inc. MD grew its holdings in DigitalBridge Group by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 111,398 shares of the company's stock worth $1,257,000 after acquiring an additional 2,841 shares during the period. Hsbc Holdings PLC boosted its position in shares of DigitalBridge Group by 161.9% during the 4th quarter. Hsbc Holdings PLC now owns 60,675 shares of the company's stock valued at $685,000 after purchasing an additional 37,507 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of DigitalBridge Group by 4.7% in the 4th quarter. MetLife Investment Management LLC now owns 95,670 shares of the company's stock worth $1,079,000 after purchasing an additional 4,291 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of DigitalBridge Group by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,123,282 shares of the company's stock worth $35,229,000 after purchasing an additional 109,775 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in DigitalBridge Group by 44.1% during the fourth quarter. First Trust Advisors LP now owns 300,474 shares of the company's stock valued at $3,389,000 after purchasing an additional 92,024 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded down $0.05 during mid-day trading on Wednesday, reaching $8.31. The company had a trading volume of 1,350,081 shares, compared to its average volume of 2,522,000. The stock has a fifty day moving average of $9.05 and a two-hundred day moving average of $11.16. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 277.00, a PEG ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released 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. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. Sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid 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 yield of 0.48%. DigitalBridge Group's dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DBRG shares. Citizens Jmp upgraded 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 DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price for the company. B. Riley cut their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, Truist Financial reduced their price objective 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. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.