10,800 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Acquired by one8zero8 LLC

one8zero8 LLC bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,800 shares of the company’s stock, valued at approximately $122,000.

Other hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc increased its stake in DigitalBridge Group by 27.3% during the 3rd quarter. Atria Investments Inc now owns 13,569 shares of the company’s stock valued at $192,000 after purchasing an additional 2,913 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of DigitalBridge Group in the 3rd quarter worth $156,000. Quest Partners LLC grew its stake in shares of DigitalBridge Group by 321.0% in the 3rd quarter. Quest Partners LLC now owns 9,309 shares of the company’s stock worth $132,000 after acquiring an additional 7,098 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group in the 3rd quarter worth $34,000. Finally, Segall Bryant & Hamill LLC grew its stake in shares of DigitalBridge Group by 16.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 882,511 shares of the company’s stock worth $12,470,000 after acquiring an additional 123,083 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Finally, B. Riley reduced their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and an average target price of $16.61.

DigitalBridge Group Stock Up 0.3 %

NYSE DBRG opened at $9.59 on Tuesday. The company has a market cap of $1.67 billion, a PE ratio of 319.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a 52 week low of $8.95 and a 52 week high of $19.49. The firm’s 50-day simple moving average is $10.72 and its two-hundred day simple moving average is $12.39.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million for 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%. As a group, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, March 31st. 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.