Federated Hermes Inc. Grows Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Federated Hermes Inc. boosted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 944.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,166 shares of the company’s stock after acquiring an additional 9,193 shares during the quarter. Federated Hermes Inc.’s holdings in DigitalBridge Group were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DBRG. nVerses Capital LLC raised its position in shares of DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after acquiring an additional 1,900 shares in the last quarter. Quarry LP acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at approximately $41,000. Headlands Technologies LLC raised its position in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after acquiring an additional 7,398 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of DigitalBridge Group during the 1st quarter valued at approximately $216,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at approximately $220,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 3.3 %

Shares of DBRG stock opened at $14.10 on Thursday. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99. The firm’s fifty day simple moving average is $13.11 and its 200 day simple moving average is $14.60. The firm has a market capitalization of $2.45 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $390.34 million during the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. Equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.16 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. DigitalBridge Group’s dividend payout ratio is presently 2.58%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DBRG. Truist Financial dropped their price target on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods dropped their target price on DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft dropped their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Wells Fargo & Company dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $19.22.

About DigitalBridge Group

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.