New York State Common Retirement Fund Buys 116,610 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

New York State Common Retirement Fund boosted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 36.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 437,113 shares of the company’s stock after acquiring an additional 116,610 shares during the period. New York State Common Retirement Fund owned 0.25% of DigitalBridge Group worth $4,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of DigitalBridge Group in the third quarter worth $34,000. Blue Trust Inc. grew its stake in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after buying an additional 2,408 shares in the last quarter. Stoneridge Investment Partners LLC increased its holdings in DigitalBridge Group by 22.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock valued at $148,000 after buying an additional 2,408 shares during the period. KBC Group NV increased its holdings in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DBRG has been the topic of several recent analyst reports. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Truist Financial reduced their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Raymond James decreased their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods cut their price target on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and an average target price of $16.61.

DigitalBridge Group Trading Down 0.6 %

Shares of DBRG stock opened at $11.18 on Friday. DigitalBridge Group, Inc. has a 12 month low of $10.03 and a 12 month high of $19.49. The firm has a market capitalization of $1.95 billion, a PE ratio of 372.53, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The firm has a fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $12.59.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. On average, equities analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. 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.