Vident Advisory LLC Has $3.11 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Vident Advisory LLC reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 275,837 shares of the company’s stock after selling 6,660 shares during the period. Vident Advisory LLC’s holdings in DigitalBridge Group were worth $3,111,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in DigitalBridge Group during the 4th quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new position in shares of DigitalBridge Group during the 4th quarter valued at $39,000. Manchester Capital Management LLC grew its holdings in shares of DigitalBridge Group by 172.1% during the 4th 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 in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of DigitalBridge Group by 114.0% during the 4th 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 in the last quarter. Finally, KBC Group NV grew its holdings in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after acquiring an additional 2,750 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $11.34 on Wednesday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 378.00, a PEG ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The company’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $10.51.

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

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group’s dividend payout ratio (DPR) is 13.33%.

Analysts Set New Price Targets

DBRG has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Wells Fargo & Company boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Truist Financial lowered their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. 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’s stock. According to MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and a consensus target price of $16.06.

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.