Pacer Advisors Inc. Grows Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Pacer Advisors Inc. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,273,166 shares of the company’s stock after acquiring an additional 218,653 shares during the period. Pacer Advisors Inc. owned about 0.73% of DigitalBridge Group worth $17,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. nVerses Capital LLC boosted its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares in the last quarter. Quarry LP bought a new stake in DigitalBridge Group during the 4th quarter valued at $41,000. Headlands Technologies LLC increased its holdings in shares of DigitalBridge Group by 33,627.3% in the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after acquiring an additional 7,398 shares during the period. Federated Hermes Inc. raised its position in shares of DigitalBridge Group by 944.8% in the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock worth $139,000 after acquiring an additional 9,193 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of DigitalBridge Group during the 1st quarter worth $216,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DBRG shares. B. Riley cut their target price on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating for the company in a research report on Tuesday, June 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 price target on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Truist Financial decreased their price objective on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, Wells Fargo & Company dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $19.22.

DigitalBridge Group Price Performance

Shares of DBRG opened at $14.51 on Monday. The company’s fifty day moving average price is $13.10 and its 200-day moving average price is $14.68. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The firm has a market capitalization of $2.52 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.96.

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

DigitalBridge Group Announces Dividend

The firm 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 yield of 0.28%. The ex-dividend date is Monday, September 30th. DigitalBridge Group’s dividend payout ratio 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.