Brevan Howard Capital Management LP Invests $407,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

Brevan Howard Capital Management LP bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,107 shares of the company’s stock, valued at approximately $407,000.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in shares of DigitalBridge Group in the 4th quarter valued at $37,000. Manchester Capital Management LLC boosted its holdings in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after acquiring an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. grew its position in DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock valued at $57,000 after acquiring an additional 2,710 shares during the period. KBC Group NV increased its stake in DigitalBridge Group by 49.3% during 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 during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock worth $112,000 after purchasing an additional 6,153 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DBRG has been the subject of a number of research reports. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price for the company. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price target on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Finally, Truist Financial reduced their price objective on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $16.06.

DigitalBridge Group Trading Down 0.6 %

Shares of NYSE:DBRG opened at $8.61 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of 287.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The company has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $10.77. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million for the quarter, compared to analyst estimates 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 forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. DigitalBridge Group’s dividend payout ratio (DPR) is 13.33%.

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.