Cetera Investment Advisers Buys 2,747 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Cetera Investment Advisers raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,447 shares of the company’s stock after purchasing an additional 2,747 shares during the period. Cetera Investment Advisers’ holdings in DigitalBridge Group were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DBRG. nVerses Capital LLC raised its position in shares of DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after purchasing an additional 7,398 shares in the last quarter. Xponance Inc. purchased a new position in DigitalBridge Group during the second quarter valued at approximately $138,000. Federated Hermes Inc. increased its holdings in DigitalBridge Group by 944.8% during 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 period. Finally, Kingswood Wealth Advisors LLC purchased a new position in DigitalBridge Group during the first quarter valued at approximately $216,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 1.0 %

Shares of NYSE DBRG opened at $15.60 on Thursday. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The stock has a market cap of $2.71 billion, a PE ratio of 10.06, a P/E/G ratio of 2.63 and a beta of 1.95. The company has a 50-day moving average of $13.45 and a 200 day moving average of $14.19.

DigitalBridge Group (NYSE:DBRG) last announced 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). DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. The business had revenue of $390.34 million for the quarter, compared to analysts’ expectations of $97.05 million. On average, sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.16 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.26%. DigitalBridge Group’s dividend payout ratio (DPR) is 2.58%.

Analysts Set New Price Targets

Several research firms have issued reports on DBRG. Raymond James cut their price target 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. Royal Bank of Canada reiterated an “outperform” rating and set a $19.00 price objective on shares of DigitalBridge Group in a research note on Wednesday, July 3rd. Truist Financial decreased their target price on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, B. Riley decreased their target price on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a buy rating and one has issued 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 target price of $19.22.

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.