Arizona State Retirement System Sells 674 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Arizona State Retirement System decreased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,419 shares of the company’s stock after selling 674 shares during the period. Arizona State Retirement System’s holdings in DigitalBridge Group were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of DBRG. Price T Rowe Associates Inc. MD grew its position in shares of DigitalBridge Group by 28.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 18,874,133 shares of the company’s stock valued at $92,106,000 after acquiring an additional 4,176,103 shares during the period. State Street Corp grew its position in shares of DigitalBridge Group by 18.6% during the 1st quarter. State Street Corp now owns 20,337,683 shares of the company’s stock valued at $146,431,000 after acquiring an additional 3,184,920 shares during the period. Wellington Management Group LLP purchased a new position in shares of DigitalBridge Group during the 3rd quarter valued at $47,948,000. Renaissance Technologies LLC purchased a new position in shares of DigitalBridge Group during the 2nd quarter valued at $11,767,000. Finally, Vanguard Group Inc. lifted its stake in shares of DigitalBridge Group by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,983,124 shares of the company’s stock valued at $539,879,000 after buying an additional 1,666,885 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 1.0 %

Shares of DBRG stock opened at $17.53 on Thursday. The company’s fifty day simple moving average is $18.75 and its two-hundred day simple moving average is $17.71. The stock has a market cap of $2.87 billion, a P/E ratio of 35.78 and a beta of 1.91. DigitalBridge Group, Inc. has a 52 week low of $10.20 and a 52 week high of $20.99.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. On average, analysts anticipate that DigitalBridge Group, Inc. will post -0.14 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio (DPR) is currently 8.16%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their target price on shares of DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $22.08.

DigitalBridge Group Company 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.