DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Cwm LLC

Cwm LLC increased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 59.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,371 shares of the company’s stock after buying an additional 3,135 shares during the quarter. Cwm LLC’s holdings in DigitalBridge Group were worth $147,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of DigitalBridge Group in the 3rd quarter worth $47,948,000. Pacer Advisors Inc. purchased a new position in DigitalBridge Group during the fourth quarter worth about $19,351,000. Schonfeld Strategic Advisors LLC boosted its holdings in DigitalBridge Group by 490.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 640,876 shares of the company’s stock valued at $11,267,000 after purchasing an additional 532,376 shares during the last quarter. Raymond James & Associates grew its stake in shares of DigitalBridge Group by 311.5% in the 4th quarter. Raymond James & Associates now owns 469,647 shares of the company’s stock valued at $8,238,000 after buying an additional 355,524 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of DigitalBridge Group by 12.6% during the 3rd quarter. Invesco Ltd. now owns 2,066,017 shares of the company’s stock worth $36,321,000 after buying an additional 231,265 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DBRG shares. Truist Financial increased their price objective on DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lowered their price target on DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group has an average rating of “Buy” and a consensus target price of $21.75.

DigitalBridge Group Stock Up 1.1 %

DBRG opened at $14.70 on Monday. DigitalBridge Group, Inc. has a 52 week low of $10.31 and a 52 week high of $20.99. The business has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $17.71. The firm has a market cap of $2.40 billion, a P/E ratio of 9.48 and a beta of 1.95.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. DigitalBridge Group had a return on equity of 2.91% and a net margin of 26.64%. The firm had revenue of $350.31 million for the quarter, compared to analyst estimates of $287.41 million. Sell-side analysts expect that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 2.58%.

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.