Bfsg LLC Takes Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Bfsg LLC bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,765 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DBRG. New York State Common Retirement Fund grew its position in shares of DigitalBridge Group by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock valued at $2,651,000 after purchasing an additional 514 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of DigitalBridge Group by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 46,093 shares of the company’s stock valued at $810,000 after acquiring an additional 694 shares during the last quarter. Strs Ohio raised its position in DigitalBridge Group by 2.1% during the 3rd quarter. Strs Ohio now owns 34,200 shares of the company’s stock valued at $601,000 after purchasing an additional 700 shares during the last quarter. Independent Advisor Alliance raised its position in DigitalBridge Group by 4.5% during the 3rd quarter. Independent Advisor Alliance now owns 17,076 shares of the company’s stock valued at $300,000 after purchasing an additional 734 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in DigitalBridge Group by 16.8% during the 4th quarter. Fulton Bank N.A. now owns 14,459 shares of the company’s stock valued at $254,000 after purchasing an additional 2,083 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lifted their target price on DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $22.08.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG traded down $0.28 during mid-day trading on Thursday, reaching $16.88. 358,528 shares of the company were exchanged, compared to its average volume of 1,995,729. DigitalBridge Group, Inc. has a 1 year low of $10.20 and a 1 year high of $20.99. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 35.00 and a beta of 1.91. The firm’s 50-day simple moving average is $18.48 and its 200 day simple moving average is $17.75.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $350.31 million for the quarter, compared to the consensus estimate of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. On average, research analysts forecast that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.16%.

About DigitalBridge Group

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.