Quantbot Technologies LP Acquires Shares of 65,744 DigitalBridge Group, Inc. (NYSE:DBRG)

Quantbot Technologies LP bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 65,744 shares of the company’s stock, valued at approximately $742,000.

Several other large investors also recently modified their holdings of DBRG. Spire Wealth Management purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $37,000. Manchester Capital Management LLC raised its holdings in shares of DigitalBridge Group by 172.1% during 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 in the last quarter. KBC Group NV lifted its stake in DigitalBridge Group by 49.3% in 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 period. Blue Trust Inc. boosted its holdings in DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after acquiring an additional 6,153 shares in the last quarter. Finally, one8zero8 LLC purchased a new position in DigitalBridge Group during the 4th quarter valued at $122,000. 92.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DBRG. Keefe, Bruyette & Woods dropped their target price 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. Truist Financial cut their price objective on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Finally, Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. One investment 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 company. According to data from MarketBeat.com, DigitalBridge Group currently has an average rating of “Buy” and a consensus target price of $16.39.

DigitalBridge Group Trading Up 1.1 %

DigitalBridge Group stock opened at $9.37 on Thursday. DigitalBridge Group, Inc. has a 12 month low of $8.95 and a 12 month high of $19.49. The business’s fifty day simple moving average is $10.54 and its two-hundred day simple moving average is $12.26. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 312.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last announced 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 company 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%. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

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 given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is currently 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.