Vanguard Group Inc. Sells 359,672 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Vanguard Group Inc. lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,018,312 shares of the company’s stock after selling 359,672 shares during the period. Vanguard Group Inc. owned about 14.08% of DigitalBridge Group worth $403,741,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $41,000. CWM LLC increased its holdings in DigitalBridge Group by 59.9% in the 4th quarter. CWM LLC now owns 8,371 shares of the company’s stock worth $147,000 after acquiring an additional 3,135 shares in the last quarter. Bfsg LLC purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $171,000. New York State Teachers Retirement System purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $175,000. Finally, Capstone Investment Advisors LLC purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $220,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of DBRG opened at $13.45 on Friday. DigitalBridge Group, Inc. has a 1 year low of $12.12 and a 1 year high of $20.99. The company has a 50 day simple moving average of $14.08 and a two-hundred day simple moving average of $16.95. The firm has a market cap of $2.34 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Tuesday, April 30th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). DigitalBridge Group had a net margin of 26.64% and a return on equity of 3.14%. The business had revenue of $74.39 million during the quarter, compared to analysts’ expectations of $100.76 million. On average, sell-side analysts anticipate that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, June 28th. DigitalBridge Group’s dividend payout ratio (DPR) is presently 2.58%.

Analyst Ratings Changes

DBRG has been the subject of several analyst reports. Truist Financial reduced their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. JPMorgan Chase & Co. reduced their target price on shares of DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $17.00 target price (down from $21.00) on shares of DigitalBridge Group in a report on Tuesday, June 18th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating for the company in a report on Tuesday, June 18th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and a consensus target price of $20.96.

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.