Cambridge Investment Research Advisors Inc. Purchases 3,441 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,282 shares of the company’s stock after acquiring an additional 3,441 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.06% of DigitalBridge Group worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in shares of DigitalBridge Group during the fourth quarter valued at approximately $41,000. Kingswood Wealth Advisors LLC purchased a new stake in DigitalBridge Group during the first quarter worth $216,000. Capstone Investment Advisors LLC bought a new stake in DigitalBridge Group during the 4th quarter valued at $220,000. Teacher Retirement System of Texas increased its holdings in shares of DigitalBridge Group by 7.2% in the 4th quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock valued at $235,000 after acquiring an additional 905 shares during the period. Finally, Carmel Capital Partners LLC bought a new position in shares of DigitalBridge Group in the 1st quarter worth $271,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 1.0 %

NYSE DBRG opened at $12.37 on Wednesday. DigitalBridge Group, Inc. has a 12-month low of $11.96 and a 12-month high of $20.99. The company has a fifty day simple moving average of $13.16 and a two-hundred day simple moving average of $15.14. The stock has a market cap of $2.15 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.22 and a beta of 2.00.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The firm had revenue of $390.34 million during the quarter, compared to analysts’ expectations of $97.05 million. As a group, sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.28 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, September 30th. DigitalBridge Group’s dividend payout ratio (DPR) is 2.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DBRG shares. Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 target price on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. B. Riley lowered their target price on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Raymond James reduced their price target on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating on the stock in a research report on Thursday, August 8th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $19.22.

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.