Blue Trust Inc. Has $51,000 Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Blue Trust Inc. boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 179.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,752 shares of the company’s stock after purchasing an additional 2,408 shares during the period. Blue Trust Inc.’s holdings in DigitalBridge Group were worth $51,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC grew its stake in shares of DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after acquiring an additional 1,900 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in DigitalBridge Group during the third quarter worth $35,000. Headlands Technologies LLC lifted its holdings 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 worth $102,000 after acquiring an additional 7,398 shares during the period. Xponance Inc. acquired a new position in DigitalBridge Group in the second quarter worth about $138,000. Finally, Federated Hermes Inc. grew its stake in shares of DigitalBridge Group by 944.8% in the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after purchasing an additional 9,193 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DBRG. JPMorgan Chase & Co. raised their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Raymond James lowered their target price on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price 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. Truist Financial lowered their target price on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, Wells Fargo & Company dropped their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Seven 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, the stock has a consensus rating of “Buy” and a consensus target price of $19.22.

DigitalBridge Group Stock Performance

NYSE DBRG opened at $15.69 on Friday. DigitalBridge Group, Inc. has a 52-week low of $11.07 and a 52-week high of $20.99. The stock has a market cap of $2.73 billion, a PE ratio of 7.37, a P/E/G ratio of 2.97 and a beta of 1.95. The firm has a 50-day moving average of $14.31 and a 200-day moving average of $14.04.

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

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Monday, September 30th. DigitalBridge Group’s dividend payout ratio is currently 1.88%.

DigitalBridge Group 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.