Brown Advisory Inc. Boosts Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Brown Advisory Inc. grew its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 78.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,658,935 shares of the company’s stock after acquiring an additional 1,605,391 shares during the quarter. Brown Advisory Inc. owned about 2.10% of DigitalBridge Group worth $41,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DBRG. Balyasny Asset Management L.P. raised its holdings in DigitalBridge Group by 128.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company’s stock valued at $25,971,000 after acquiring an additional 1,294,275 shares during the last quarter. Beryl Capital Management LLC increased its holdings in shares of DigitalBridge Group by 302.3% in the fourth quarter. Beryl Capital Management LLC now owns 204,633 shares of the company’s stock valued at $2,308,000 after purchasing an additional 153,763 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in DigitalBridge Group during the fourth quarter worth approximately $787,000. Ameriprise Financial Inc. boosted its stake in DigitalBridge Group by 17.7% during the fourth quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company’s stock worth $7,469,000 after buying an additional 99,520 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth $1,009,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DBRG shares. B. Riley dropped their price objective on shares of 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 upped their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods reduced their target price on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group currently has a consensus rating of “Buy” and an average target price of $16.39.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $8.95 on Tuesday. The firm has a market capitalization of $1.56 billion, a PE ratio of 298.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The stock’s 50-day simple moving average is $8.82 and its 200-day simple moving average is $10.93.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. On average, sell-side analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.45%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 13.33%.

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.