DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by nVerses Capital LLC

nVerses Capital LLC increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 145.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,400 shares of the company’s stock after acquiring an additional 3,200 shares during the period. nVerses Capital LLC’s holdings in DigitalBridge Group were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DBRG. Central Pacific Bank Trust Division purchased a new position in shares of DigitalBridge Group during the 3rd quarter worth approximately $35,000. Headlands Technologies LLC grew its stake in DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after purchasing an additional 7,398 shares in the last quarter. Xponance Inc. purchased a new stake in shares of DigitalBridge Group during the second quarter worth approximately $138,000. Federated Hermes Inc. grew its holdings in DigitalBridge Group by 944.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock worth $139,000 after acquiring an additional 9,193 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of DigitalBridge Group during the first quarter worth $216,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DBRG has been the topic of a number of analyst reports. Raymond James cut their price target on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company cut their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 price objective on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Finally, B. Riley lowered their target price on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group currently has a consensus rating of “Buy” and a consensus target price of $19.22.

DigitalBridge Group Trading Down 0.1 %

DBRG stock opened at $16.11 on Tuesday. The company has a market capitalization of $2.80 billion, a P/E ratio of 10.39, a PEG ratio of 2.63 and a beta of 1.95. The business has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $14.10. DigitalBridge Group, Inc. has a twelve month low of $11.07 and a twelve month high of $20.99.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $97.05 million. Research analysts predict that DigitalBridge Group, Inc. will post 0.16 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Monday, September 30th. DigitalBridge Group’s dividend payout ratio is presently 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.