Ensign Peak Advisors Inc Cuts Position in DigitalBridge Group, Inc. $DBRG

Ensign Peak Advisors Inc trimmed its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,735 shares of the company’s stock after selling 16,500 shares during the period. Ensign Peak Advisors Inc’s holdings in DigitalBridge Group were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Teacher Retirement System of Texas grew its stake in shares of DigitalBridge Group by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 26,468 shares of the company’s stock worth $274,000 after acquiring an additional 1,031 shares during the period. Cetera Trust Company N.A increased its position in shares of DigitalBridge Group by 6.2% in the second quarter. Cetera Trust Company N.A now owns 21,075 shares of the company’s stock worth $218,000 after purchasing an additional 1,225 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after acquiring an additional 1,309 shares during the last quarter. Spirit of America Management Corp NY increased its position in shares of DigitalBridge Group by 4.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 46,000 shares of the company’s stock valued at $476,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of DigitalBridge Group by 21.3% during the second quarter. Bank of Montreal Can now owns 14,168 shares of the company’s stock worth $147,000 after acquiring an additional 2,488 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Up 2.0%

Shares of DBRG opened at $9.71 on Monday. The business has a 50-day simple moving average of $11.37 and a two-hundred day simple moving average of $11.11. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $14.00. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -242.75 and a beta of 1.78.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $232.83 million for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.14%. On average, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. B. Riley upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Thursday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a report on Monday, November 3rd. Finally, Truist Financial raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.93.

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.