Intech Investment Management LLC Purchases 21,226 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Intech Investment Management LLC lifted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 51.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 62,340 shares of the company’s stock after buying an additional 21,226 shares during the period. Intech Investment Management LLC’s holdings in DigitalBridge Group were worth $703,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Atria Investments Inc grew its stake in DigitalBridge Group by 27.3% during the third quarter. Atria Investments Inc now owns 13,569 shares of the company’s stock worth $192,000 after purchasing an additional 2,913 shares during the period. Quest Partners LLC boosted its holdings in shares of DigitalBridge Group by 321.0% during the 3rd quarter. Quest Partners LLC now owns 9,309 shares of the company’s stock worth $132,000 after buying an additional 7,098 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of DigitalBridge Group by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock worth $51,442,000 after buying an additional 791,506 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of DigitalBridge Group by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company’s stock worth $41,412,000 after buying an additional 34,168 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of DigitalBridge Group during the 3rd quarter valued at $1,158,000. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Down 2.6 %

DBRG stock opened at $9.23 on Monday. The firm has a market capitalization of $1.61 billion, a PE ratio of 307.73, a P/E/G ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a twelve month low of $8.95 and a twelve month high of $19.49. The stock’s 50 day moving average is $10.61 and its 200-day moving average is $12.32.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The business had revenue of $101.55 million for the quarter, compared to analysts’ expectations of $93.01 million. On average, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Analysts Set New Price Targets

DBRG has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research note on Wednesday, February 26th. JMP Securities started coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, Truist Financial lowered their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.61.

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.