DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by nVerses Capital LLC

nVerses Capital LLC grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 145.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,400 shares of the company’s stock after acquiring an additional 3,200 shares during the quarter. nVerses Capital LLC’s holdings in DigitalBridge Group were worth $76,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $35,000. Headlands Technologies LLC raised its stake in shares of DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after purchasing an additional 7,398 shares during the last quarter. Xponance Inc. acquired a new stake in shares of DigitalBridge Group during the second quarter worth about $138,000. Federated Hermes Inc. boosted its position in DigitalBridge Group by 944.8% in the second quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after buying an additional 9,193 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in DigitalBridge Group in the 1st quarter worth approximately $216,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DBRG shares. Raymond James dropped 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 report on Thursday, August 8th. Wells Fargo & Company cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 price objective on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their price target 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. Finally, B. Riley lowered their price objective on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $19.22.

DigitalBridge Group Trading Down 0.1 %

Shares of DBRG stock opened at $16.11 on Tuesday. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The business’s 50 day moving average is $13.66 and its two-hundred day moving average is $14.10. The company has a market capitalization of $2.80 billion, a P/E ratio of 10.39, a P/E/G ratio of 2.63 and a beta of 1.95.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $390.34 million for the quarter, compared to analysts’ expectations of $97.05 million. DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. On average, research analysts predict that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.25%. DigitalBridge Group’s dividend payout ratio is currently 2.58%.

About DigitalBridge Group

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.