Point72 DIFC Ltd Cuts Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Point72 DIFC Ltd lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 76.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,937 shares of the company’s stock after selling 9,719 shares during the quarter. Point72 DIFC Ltd’s holdings in DigitalBridge Group were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in DigitalBridge Group by 4.1% in the second quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after purchasing an additional 870 shares during the period. Arizona State Retirement System grew its holdings in shares of DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock valued at $627,000 after buying an additional 872 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock valued at $973,000 after buying an additional 942 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of DigitalBridge Group by 0.7% during the first quarter. Swiss National Bank now owns 322,325 shares of the company’s stock valued at $6,211,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 1.5 %

DBRG opened at $14.39 on Monday. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The company has a market capitalization of $2.50 billion, a PE ratio of 9.28, a PEG ratio of 2.59 and a beta of 1.96. The firm’s 50 day simple moving average is $13.12 and its two-hundred day simple moving average is $14.51.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The business had revenue of $390.34 million during the quarter, compared to the consensus estimate of $97.05 million. Equities analysts forecast that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.01 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.28%. DigitalBridge Group’s payout ratio is presently 2.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DBRG shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Truist Financial cut their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company dropped 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, August 6th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Finally, B. Riley dropped their target price on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $19.22.

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.