DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Atria Investments Inc

Atria Investments Inc raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 29.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,550 shares of the company’s stock after buying an additional 3,981 shares during the period. Atria Investments Inc’s holdings in DigitalBridge Group were worth $198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in DigitalBridge Group during the 3rd quarter valued at $34,000. Spire Wealth Management bought a new position in DigitalBridge Group during the fourth quarter valued at about $37,000. Manchester Capital Management LLC grew its holdings in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares during the period. KBC Group NV raised its position in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after acquiring an additional 6,153 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DBRG. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. B. Riley cut their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Truist Financial cut their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and a consensus price target of $16.61.

DigitalBridge Group Stock Up 1.2 %

NYSE DBRG opened at $9.71 on Wednesday. The stock has a market cap of $1.69 billion, a P/E ratio of 323.53, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a twelve month low of $8.95 and a twelve month high of $19.49. The company’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $12.37.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm 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%. Research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 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.