DigitalBridge Group, Inc. (NYSE:DBRG) Short Interest Update

DigitalBridge Group, Inc. (NYSE:DBRG) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 17,020,000 shares, an increase of 13.1% from the August 31st total of 15,050,000 shares. Based on an average trading volume of 2,140,000 shares, the short-interest ratio is currently 8.0 days. Currently, 9.9% of the company’s shares are sold short.

DigitalBridge Group Trading Up 1.5 %

Shares of NYSE DBRG traded up $0.21 during mid-day trading on Friday, hitting $14.39. The company had a trading volume of 1,976,451 shares, compared to its average volume of 2,206,613. The firm has a 50-day simple moving average of $13.12 and a two-hundred day simple moving average of $14.54. The company has a market capitalization of $2.50 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 2.59 and a beta of 1.96. DigitalBridge Group has a one year low of $11.07 and a one year high of $20.99.

DigitalBridge Group (NYSE:DBRG) last posted 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). The company had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. Sell-side analysts expect that DigitalBridge Group will post 0.16 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of DigitalBridge Group during the 2nd quarter worth approximately $2,724,000. Cetera Investment Advisers increased its holdings in shares of DigitalBridge Group by 3.5% in the second quarter. Cetera Investment Advisers now owns 81,447 shares of the company’s stock valued at $1,116,000 after purchasing an additional 2,747 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of DigitalBridge Group during the 2nd quarter worth about $476,000. Senator Investment Group LP boosted its holdings in shares of DigitalBridge Group by 9.1% during the 2nd quarter. Senator Investment Group LP now owns 1,912,003 shares of the company’s stock worth $26,194,000 after buying an additional 160,000 shares during the period. Finally, Algert Global LLC bought a new position in DigitalBridge Group in the 2nd quarter valued at about $225,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $19.00 price objective on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods cut their price target on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Wells Fargo & Company lowered their price objective 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, August 6th. Raymond James cut their price objective on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and a consensus target price of $19.22.

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.