Corient Private Wealth LLC Acquires Shares of 25,665 DigitalBridge Group, Inc. (NYSE:DBRG)

Corient Private Wealth LLC bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,665 shares of the company’s stock, valued at approximately $290,000.

A number of other large investors have also made changes to their positions in DBRG. Spire Wealth Management acquired a new position in shares of DigitalBridge Group in the 4th quarter valued at about $37,000. Manchester Capital Management LLC increased its stake in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the period. KBC Group NV lifted its position in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after buying an additional 2,750 shares in the last quarter. Blue Trust Inc. lifted its position in DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock worth $112,000 after buying an additional 6,153 shares in the last quarter. Finally, one8zero8 LLC acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at $122,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 0.5 %

Shares of DigitalBridge Group stock opened at $8.83 on Tuesday. The firm has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $12.18. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 294.17, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a 1-year low of $8.63 and a 1-year high of $19.49.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The firm had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. As a group, research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.45%. DigitalBridge Group’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

DBRG has been the subject of several recent research reports. B. Riley cut their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. JMP Securities started coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target for the company. Truist Financial cut their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and a consensus target price of $16.39.

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.