Brown Advisory Inc. Has $36.32 Million Stock Position in DigitalBridge Group, Inc. $DBRG

Brown Advisory Inc. lowered its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,509,124 shares of the company’s stock after selling 183,771 shares during the period. Brown Advisory Inc. owned about 1.99% of DigitalBridge Group worth $36,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE grew its stake in DigitalBridge Group by 187.3% in the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after acquiring an additional 4,084 shares during the period. Headlands Technologies LLC lifted its holdings in shares of DigitalBridge Group by 200.5% during the 1st quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock valued at $77,000 after purchasing an additional 5,854 shares in the last quarter. NCM Capital Management LLC acquired a new position in shares of DigitalBridge Group in the 1st quarter valued at approximately $92,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in DigitalBridge Group during the 2nd quarter worth approximately $113,000. Finally, Russell Investments Group Ltd. raised its holdings in DigitalBridge Group by 239.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock worth $118,000 after buying an additional 8,022 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Trading Up 46.0%

Shares of DBRG stock opened at $14.20 on Friday. The firm’s fifty day moving average price is $11.22 and its two-hundred day moving average price is $11.07. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $14.84. The firm has a market capitalization of $2.59 billion, a P/E ratio of 236.64 and a beta of 1.77.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.07) earnings per share for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.78%. The company had revenue of $232.83 million during the quarter. As a group, equities research analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DBRG. Truist Financial upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen raised DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average 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.