abrdn plc Purchases 3,381 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

abrdn plc grew its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRGGet Rating) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,656 shares of the company’s stock after acquiring an additional 3,381 shares during the quarter. abrdn plc’s holdings in DigitalBridge Group were worth $786,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DBRG. Rise Advisors LLC acquired a new position in shares of DigitalBridge Group during the first quarter valued at about $32,000. Whittier Trust Co. boosted its position in DigitalBridge Group by 222.1% in the 1st quarter. Whittier Trust Co. now owns 5,076 shares of the company’s stock worth $37,000 after purchasing an additional 3,500 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in DigitalBridge Group in the 1st quarter worth approximately $71,000. McDonald Partners LLC purchased a new stake in DigitalBridge Group in the 1st quarter worth approximately $75,000. Finally, Key Client Fiduciary Advisors LLC purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $83,000. Institutional investors and hedge funds own 79.37% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, DigitalBridge Group has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

DigitalBridge Group Stock Up 1.5 %

NYSE DBRG opened at $5.39 on Wednesday. The business has a fifty day moving average price of $5.25 and a 200 day moving average price of $6.37. DigitalBridge Group, Inc. has a one year low of $4.49 and a one year high of $8.55. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $3.07 billion, a P/E ratio of -7.59 and a beta of 1.77.

DigitalBridge Group (NYSE:DBRGGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.47). DigitalBridge Group had a negative net margin of 30.95% and a negative return on equity of 3.79%. During the same period last year, the company earned $0.01 earnings per share. Research analysts anticipate that DigitalBridge Group, Inc. will post -0.11 EPS for the current fiscal year.

DigitalBridge Group Company Profile

(Get Rating)

DigitalBridge Group, Inc is a leading global digital infrastructure REIT and private equity firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.

Recommended Stories

Want to see what other hedge funds are holding DBRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalBridge Group, Inc. (NYSE:DBRGGet Rating).

Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

Receive News & Ratings for DigitalBridge Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalBridge Group and related companies with MarketBeat.com's FREE daily email newsletter.