DigitalBridge Group, Inc. (NYSE:DBRG) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,165 shares of the company’s stock after buying an additional 870 shares during the period. Victory Capital Management Inc.’s holdings in DigitalBridge Group were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC lifted its stake in shares of DigitalBridge Group by 633.3% in the 2nd 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 during the last quarter. Quarry LP acquired a new stake in shares of DigitalBridge Group in the fourth quarter worth $41,000. Kingswood Wealth Advisors LLC bought a new position in DigitalBridge Group during the first quarter worth $216,000. Capstone Investment Advisors LLC acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at about $220,000. Finally, Teacher Retirement System of Texas raised its holdings in DigitalBridge Group by 7.2% in the 4th quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock valued at $235,000 after acquiring an additional 905 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $19.00 price target on shares of DigitalBridge Group in a research note on Wednesday, July 3rd. Truist Financial lowered their price objective 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 price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Raymond James dropped their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.22.

DigitalBridge Group Trading Up 1.4 %

Shares of NYSE DBRG opened at $14.71 on Tuesday. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The company has a 50-day moving average of $13.12 and a two-hundred day moving average of $14.63. The company has a market cap of $2.56 billion, a PE ratio of 9.49, a P/E/G ratio of 1.78 and a beta of 1.96.

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

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.01 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. DigitalBridge Group’s payout ratio is 2.58%.

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.