Fox Run Management L.L.C. Boosts Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Fox Run Management L.L.C. grew its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 193.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,911 shares of the company’s stock after purchasing an additional 37,506 shares during the quarter. Fox Run Management L.L.C.’s holdings in DigitalBridge Group were worth $642,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Xponance Inc. grew its position in DigitalBridge Group by 12.7% during the fourth quarter. Xponance Inc. now owns 11,725 shares of the company’s stock valued at $132,000 after buying an additional 1,321 shares during the period. Stoneridge Investment Partners LLC grew its position in shares of DigitalBridge Group by 22.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock valued at $148,000 after acquiring an additional 2,408 shares during the period. Swiss National Bank increased its stake in shares of DigitalBridge Group by 0.8% during the 4th quarter. Swiss National Bank now owns 341,625 shares of the company’s stock worth $3,854,000 after purchasing an additional 2,700 shares during the last quarter. KBC Group NV raised its holdings in shares of DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after purchasing an additional 2,750 shares during the period. Finally, Manchester Capital Management LLC lifted its stake 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 purchasing an additional 2,765 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DBRG. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. B. Riley lowered their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company raised their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. One 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 has a consensus rating of “Buy” and a consensus target price of $16.61.

DigitalBridge Group Trading Up 2.0 %

Shares of NYSE:DBRG opened at $9.42 on Tuesday. The company has a 50 day moving average of $10.59 and a 200 day moving average of $12.30. The stock has a market cap of $1.64 billion, a P/E ratio of 313.83, a P/E/G ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a 12 month low of $8.95 and a 12 month high of $19.49.

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

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

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.