AQR Capital Management LLC Sells 8,402 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

AQR Capital Management LLC lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 32.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,774 shares of the company’s stock after selling 8,402 shares during the period. AQR Capital Management LLC’s holdings in DigitalBridge Group were worth $244,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Point72 Asset Management L.P. grew its holdings in DigitalBridge Group by 125.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,629,197 shares of the company’s stock worth $22,320,000 after acquiring an additional 906,297 shares during the period. Xponance Inc. bought a new stake in shares of DigitalBridge Group during the second quarter worth $138,000. Westwood Holdings Group Inc. raised its holdings in shares of DigitalBridge Group by 32.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,405,038 shares of the company’s stock worth $19,249,000 after acquiring an additional 345,255 shares during the period. Sei Investments Co. lifted its holdings in shares of DigitalBridge Group by 121.1% in the second quarter. Sei Investments Co. now owns 669,601 shares of the company’s stock valued at $9,174,000 after purchasing an additional 366,745 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in DigitalBridge Group by 20.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,273,166 shares of the company’s stock worth $17,442,000 after acquiring an additional 218,653 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.89 on Friday. DigitalBridge Group, Inc. has a 52-week low of $11.07 and a 52-week high of $20.99. The company has a market capitalization of $2.76 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.95. The company has a fifty day moving average of $13.51 and a 200-day moving average of $14.20.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data 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. On average, equities analysts forecast that DigitalBridge Group, Inc. will post 0.16 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. DigitalBridge Group’s dividend payout ratio (DPR) is currently 2.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial reduced 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 note on Wednesday, August 21st. Wells Fargo & Company decreased their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. B. Riley decreased their price target on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Raymond James cut their target price on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DigitalBridge Group currently has a consensus rating of “Buy” and a consensus price target 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.