Victory Capital Management Inc. Boosts Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Victory Capital Management Inc. increased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,789 shares of the company’s stock after buying an additional 4,291 shares during the period. Victory Capital Management Inc.’s holdings in DigitalBridge Group were worth $382,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of DigitalBridge Group in the 3rd quarter valued at about $71,000. CWM LLC boosted its holdings in DigitalBridge Group by 59.9% in the fourth quarter. CWM LLC now owns 8,371 shares of the company’s stock valued at $147,000 after purchasing an additional 3,135 shares in the last quarter. Bfsg LLC acquired a new position in DigitalBridge Group in the fourth quarter valued at approximately $171,000. New York State Teachers Retirement System purchased a new position in DigitalBridge Group in the fourth quarter valued at approximately $175,000. Finally, Pathstone Family Office LLC acquired a new stake in DigitalBridge Group during the third quarter worth approximately $223,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DBRG shares. JPMorgan Chase & Co. dropped their target price on shares of DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Truist Financial cut their target price on DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and a consensus price target of $21.25.

DigitalBridge Group Stock Down 1.3 %

DBRG opened at $12.96 on Friday. DigitalBridge Group, Inc. has a 52 week low of $11.20 and a 52 week high of $20.99. The business has a 50 day moving average price of $16.73 and a two-hundred day moving average price of $17.53. The company has a market cap of $2.25 billion, a PE ratio of 8.36 and a beta of 1.95.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). DigitalBridge Group had a return on equity of 3.14% and a net margin of 26.64%. The company had revenue of $74.39 million for the quarter, compared to analysts’ expectations of $100.76 million. As a group, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.25 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. DigitalBridge Group’s payout ratio is currently 2.58%.

DigitalBridge Group 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.