Nisa Investment Advisors LLC Reduces Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Nisa Investment Advisors LLC reduced its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,295 shares of the company’s stock after selling 600 shares during the period. Nisa Investment Advisors LLC’s holdings in DigitalBridge Group were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DBRG. Bank of New York Mellon Corp increased its stake in DigitalBridge Group by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,715,106 shares of the company’s stock valued at $19,549,000 after purchasing an additional 54,549 shares in the last quarter. HighTower Advisors LLC increased its stake in DigitalBridge Group by 11.5% in the 1st quarter. HighTower Advisors LLC now owns 224,121 shares of the company’s stock valued at $1,615,000 after purchasing an additional 23,121 shares in the last quarter. MetLife Investment Management LLC increased its stake in DigitalBridge Group by 48.6% in the 1st quarter. MetLife Investment Management LLC now owns 247,226 shares of the company’s stock valued at $1,780,000 after purchasing an additional 80,880 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in DigitalBridge Group in the 1st quarter valued at approximately $415,000. Finally, Dimensional Fund Advisors LP purchased a new position in DigitalBridge Group in the 1st quarter valued at approximately $770,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $17.30 on Monday. The stock has a fifty day moving average of $18.64 and a two-hundred day moving average of $17.74. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 35.31 and a beta of 1.91. DigitalBridge Group, Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $20.99.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $350.31 million during the quarter, compared to the consensus estimate of $287.41 million. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. On average, analysts forecast that DigitalBridge Group, Inc. will post 0.25 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio (DPR) is 8.16%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price target on DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $22.08.

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.