Blue Trust Inc. Increases Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Blue Trust Inc. lifted its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 179.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,752 shares of the company’s stock after purchasing an additional 2,408 shares during the period. Blue Trust Inc.’s holdings in DigitalBridge Group were worth $51,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Nordea Investment Management AB purchased a new position in shares of DigitalBridge Group during the first quarter valued at approximately $3,214,000. Jennison Associates LLC purchased a new position in DigitalBridge Group during the first quarter valued at $650,000. Quantbot Technologies LP increased its holdings in DigitalBridge Group by 78.4% in the 1st quarter. Quantbot Technologies LP now owns 139,398 shares of the company’s stock valued at $2,686,000 after acquiring an additional 61,258 shares during the last quarter. Swiss National Bank lifted its stake in DigitalBridge Group by 0.7% in the 1st quarter. Swiss National Bank now owns 322,325 shares of the company’s stock worth $6,211,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of DigitalBridge Group by 77.9% during the 1st quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock valued at $5,836,000 after purchasing an additional 132,638 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on DBRG shares. 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 research report on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Truist Financial dropped their price objective on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company reduced their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Raymond James dropped their price target on 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. Seven 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.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.22.

DigitalBridge Group Trading Down 2.7 %

NYSE:DBRG opened at $15.69 on Friday. DigitalBridge Group, Inc. has a twelve month low of $11.07 and a twelve month high of $20.99. The company has a market capitalization of $2.73 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 2.97 and a beta of 1.95. The firm has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $14.04.

DigitalBridge Group (NYSE:DBRG) last announced its 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 net margin of 35.10% and a return on equity of 4.49%. The firm had revenue of $390.34 million during the quarter, compared to analysts’ expectations of $97.05 million. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.25%. DigitalBridge Group’s dividend payout ratio (DPR) is 1.88%.

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.