Dimensional Fund Advisors LP Has $22.85 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Dimensional Fund Advisors LP raised its position in DigitalBridge Group, Inc. (NYSE:DBRGFree Report) by 260.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,302,941 shares of the company’s stock after acquiring an additional 941,662 shares during the period. Dimensional Fund Advisors LP owned approximately 0.80% of DigitalBridge Group worth $22,854,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in DigitalBridge Group by 22.4% in the third quarter. Principal Financial Group Inc. now owns 21,780 shares of the company’s stock worth $383,000 after purchasing an additional 3,980 shares during the last quarter. Arizona State Retirement System boosted its position in DigitalBridge Group by 1.5% in the third quarter. Arizona State Retirement System now owns 46,093 shares of the company’s stock worth $810,000 after purchasing an additional 694 shares during the last quarter. New York State Common Retirement Fund boosted its position in DigitalBridge Group by 128.2% in the third quarter. New York State Common Retirement Fund now owns 150,635 shares of the company’s stock worth $2,648,000 after purchasing an additional 84,635 shares during the last quarter. Swiss National Bank boosted its position in DigitalBridge Group by 1.1% in the third quarter. Swiss National Bank now owns 355,925 shares of the company’s stock worth $6,257,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in DigitalBridge Group by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,515,517 shares of the company’s stock worth $26,643,000 after purchasing an additional 33,936 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $13.41 on Tuesday. DigitalBridge Group, Inc. has a 52-week low of $12.33 and a 52-week high of $20.99. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 8.65 and a beta of 1.96. The business’s fifty day moving average is $16.10 and its 200 day moving average is $17.43.

DigitalBridge Group (NYSE:DBRGGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). DigitalBridge Group had a net margin of 26.64% and a return on equity of 3.14%. The company had revenue of $74.39 million for the quarter, compared to the consensus estimate of $100.76 million. Equities analysts predict that DigitalBridge Group, Inc. will post 0.25 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. DigitalBridge Group’s payout ratio is 2.58%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Truist Financial lowered their target price on DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.25.

Read Our Latest Research Report on DBRG

About DigitalBridge Group

(Free Report)

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.

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

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