MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,434 shares of the company’s stock after buying an additional 3,429 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of DigitalBridge Group worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of DigitalBridge Group by 9.8% during the 4th quarter. Covestor Ltd now owns 11,752 shares of the company’s stock worth $133,000 after acquiring an additional 1,049 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in DigitalBridge Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company’s stock worth $188,000 after purchasing an additional 1,056 shares during the last quarter. Xponance Inc. boosted its position in DigitalBridge Group by 12.7% during the fourth quarter. Xponance Inc. now owns 11,725 shares of the company’s stock worth $132,000 after purchasing an additional 1,321 shares in the last quarter. Stoneridge Investment Partners LLC boosted its position in DigitalBridge Group by 22.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock worth $148,000 after purchasing an additional 2,408 shares in the last quarter. Finally, Swiss National Bank grew its holdings in DigitalBridge Group by 0.8% in the fourth quarter. Swiss National Bank now owns 341,625 shares of the company’s stock valued at $3,854,000 after purchasing an additional 2,700 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DBRG. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods reduced their target price on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Buy” and an average price target of $16.06.

DigitalBridge Group Trading Up 2.6%

NYSE DBRG opened at $11.15 on Monday. The business’s 50-day moving average price is $8.85 and its 200 day moving average price is $10.46. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The company has a market capitalization of $1.97 billion, a PE ratio of 371.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 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 the consensus estimate of $93.01 million. Equities analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.36%. The ex-dividend date is Monday, June 30th. DigitalBridge Group’s dividend payout ratio (DPR) is 13.33%.

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.