DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 54.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,686,145 shares of the company’s stock after buying an additional 952,408 shares during the quarter. Dimensional Fund Advisors LP owned 1.55% of DigitalBridge Group worth $36,797,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DBRG. Vanguard Group Inc. raised its holdings in shares of DigitalBridge Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 23,274,328 shares of the company’s stock valued at $448,496,000 after buying an additional 256,016 shares during the period. Wafra Inc. grew its stake in DigitalBridge Group by 7.1% during the 2nd quarter. Wafra Inc. now owns 15,455,808 shares of the company’s stock worth $211,745,000 after purchasing an additional 1,020,409 shares in the last quarter. New South Capital Management Inc. increased its holdings in DigitalBridge Group by 40.1% during the 2nd quarter. New South Capital Management Inc. now owns 3,929,762 shares of the company’s stock worth $53,838,000 after purchasing an additional 1,125,549 shares during the period. Frontier Capital Management Co. LLC increased its holdings in DigitalBridge Group by 10.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,550,341 shares of the company’s stock worth $62,273,000 after purchasing an additional 334,381 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of DigitalBridge Group by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,872,338 shares of the company’s stock valued at $50,381,000 after buying an additional 144,945 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DBRG shares. Royal Bank of Canada restated an “outperform” rating and set a $19.00 target price on shares of DigitalBridge Group in a research note on Wednesday, July 3rd. B. Riley dropped their price objective on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Truist Financial decreased their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Wells Fargo & Company lowered 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 note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods cut their price target on DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $19.22.

DigitalBridge Group Price Performance

NYSE DBRG opened at $13.77 on Wednesday. The company has a fifty day moving average of $13.11 and a two-hundred day moving average of $14.45. The company has a market capitalization of $2.39 billion, a PE ratio of 8.88, a P/E/G ratio of 2.59 and a beta of 1.96. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99.

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

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. DigitalBridge Group’s payout ratio is 2.58%.

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.