Barclays PLC Acquires 10,833 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Barclays PLC increased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,159 shares of the company’s stock after purchasing an additional 10,833 shares during the period. Barclays PLC owned approximately 0.16% of DigitalBridge Group worth $3,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC raised its stake in DigitalBridge Group by 22.8% during the 3rd quarter. Tidal Investments LLC now owns 99,995 shares of the company’s stock worth $1,413,000 after buying an additional 18,536 shares during the period. Franklin Resources Inc. lifted its holdings in shares of DigitalBridge Group by 33.6% during the 3rd quarter. Franklin Resources Inc. now owns 180,369 shares of the company’s stock valued at $2,792,000 after purchasing an additional 45,333 shares in the last quarter. Nordea Investment Management AB grew its position in shares of DigitalBridge Group by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 273,609 shares of the company’s stock valued at $3,114,000 after purchasing an additional 15,830 shares during the period. Fulton Bank N.A. increased its stake in DigitalBridge Group by 17.9% during the 4th quarter. Fulton Bank N.A. now owns 33,442 shares of the company’s stock worth $377,000 after purchasing an additional 5,070 shares in the last quarter. Finally, Moody National Bank Trust Division increased its stake in DigitalBridge Group by 41.9% during the 4th quarter. Moody National Bank Trust Division now owns 46,084 shares of the company’s stock worth $520,000 after purchasing an additional 13,612 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Wednesday, February 26th. 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. Finally, Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $16.39.

DigitalBridge Group Trading Down 0.7 %

Shares of NYSE DBRG opened at $8.30 on Wednesday. The firm has a market cap of $1.45 billion, a P/E ratio of 276.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68. The business’s 50 day moving average is $9.05 and its 200-day moving average is $11.16. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.

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

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. DigitalBridge Group’s payout ratio is 133.33%.

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.