Lombard Odier Asset Management USA Corp Sells 5,000 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Lombard Odier Asset Management USA Corp lowered its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,211 shares of the company’s stock after selling 5,000 shares during the quarter. Lombard Odier Asset Management USA Corp owned about 0.07% of DigitalBridge Group worth $1,743,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. boosted its position in DigitalBridge Group by 32.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,405,038 shares of the company’s stock valued at $19,249,000 after acquiring an additional 345,255 shares during the last quarter. Sei Investments Co. boosted its position in shares of DigitalBridge Group by 121.1% during the 2nd quarter. Sei Investments Co. now owns 669,601 shares of the company’s stock worth $9,174,000 after purchasing an additional 366,745 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of DigitalBridge Group by 20.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,273,166 shares of the company’s stock worth $17,442,000 after purchasing an additional 218,653 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of DigitalBridge Group by 1.3% during the 2nd quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock worth $973,000 after purchasing an additional 942 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of DigitalBridge Group during the 2nd quarter worth about $2,880,000. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James cut their price objective on shares of 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. Keefe, Bruyette & Woods lowered their target price on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a report on Tuesday, June 18th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Wells Fargo & Company lowered their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Seven equities research 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 price target of $19.22.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $14.51 on Monday. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.96. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99. The firm has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $14.65.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. The company had revenue of $390.34 million for the quarter, compared to the consensus estimate of $97.05 million. As a group, sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.2 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, September 30th. DigitalBridge Group’s dividend payout ratio (DPR) 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.