DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 96.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 182,694 shares of the company’s stock after selling 4,544,918 shares during the period. Alliancebernstein L.P. owned 0.10% of DigitalBridge Group worth $2,061,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DBRG. Meeder Asset Management Inc. raised its stake in DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after acquiring an additional 2,710 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of DigitalBridge Group by 16.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,708 shares of the company’s stock valued at $290,000 after purchasing an additional 3,634 shares during the last quarter. Norges Bank acquired a new stake in shares of DigitalBridge Group during the 4th quarter worth approximately $7,757,000. Homestead Advisers Corp lifted its holdings in shares of DigitalBridge Group by 15.8% in the 4th quarter. Homestead Advisers Corp now owns 319,200 shares of the company’s stock worth $3,601,000 after purchasing an additional 43,500 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in DigitalBridge Group by 34.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,185,101 shares of the company’s stock valued at $13,368,000 after purchasing an additional 302,590 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Performance

Shares of DBRG stock opened at $7.79 on Thursday. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $18.00. The business’s fifty day moving average is $9.48 and its 200-day moving average is $11.59. The stock has a market cap of $1.36 billion, a PE ratio of 259.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. Equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 31st. DigitalBridge Group’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DBRG shares. Wells Fargo & Company raised their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. JMP Securities began coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods dropped their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, B. Riley cut their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $16.39.

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.