DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 30.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,145,965 shares of the company’s stock after selling 1,365,610 shares during the period. DigitalBridge Group makes up about 4.3% of Wolf Hill Capital Management LP’s portfolio, making the stock its 8th largest holding. Wolf Hill Capital Management LP owned 1.81% of DigitalBridge Group worth $43,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in DigitalBridge Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 23,274,328 shares of the company’s stock worth $448,496,000 after acquiring an additional 256,016 shares during the period. Wafra Inc. lifted its stake in DigitalBridge Group by 7.1% in the 2nd quarter. Wafra Inc. now owns 15,455,808 shares of the company’s stock valued at $211,745,000 after buying an additional 1,020,409 shares in the last quarter. New South Capital Management Inc. boosted its holdings in DigitalBridge Group by 40.1% in the 2nd quarter. New South Capital Management Inc. now owns 3,929,762 shares of the company’s stock worth $53,838,000 after buying an additional 1,125,549 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in DigitalBridge Group by 10.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,550,341 shares of the company’s stock worth $62,273,000 after buying an additional 334,381 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in DigitalBridge Group by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,872,338 shares of the company’s stock worth $50,381,000 after buying an additional 144,945 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

DBRG stock opened at $14.51 on Friday. DigitalBridge Group, Inc. has a one year low of $11.07 and a one year high of $20.99. The firm has a market cap of $2.52 billion, a PE ratio of 9.36, a PEG ratio of 1.78 and a beta of 1.96. The firm’s 50 day moving average price is $13.09 and its 200-day moving average price is $14.73.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $390.34 million during the quarter, compared to analyst estimates of $97.05 million. DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. Equities research analysts predict that DigitalBridge Group, Inc. will post 0.2 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, September 30th. DigitalBridge Group’s dividend payout ratio is presently 2.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DBRG shares. Truist Financial lowered their price target 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Raymond James decreased their price target on shares of 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 price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, B. Riley lowered their target price on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $19.22.

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.