Private Management Group Inc. Has $23.34 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Private Management Group Inc. reduced its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,330,594 shares of the company’s stock after selling 4,624 shares during the period. Private Management Group Inc. owned 0.81% of DigitalBridge Group worth $23,339,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DBRG. New York State Common Retirement Fund boosted its position in shares of DigitalBridge Group by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock worth $2,651,000 after purchasing an additional 514 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of DigitalBridge Group by 1.5% in the third quarter. Arizona State Retirement System now owns 46,093 shares of the company’s stock worth $810,000 after acquiring an additional 694 shares in the last quarter. Strs Ohio lifted its holdings in shares of DigitalBridge Group by 2.1% during the 3rd quarter. Strs Ohio now owns 34,200 shares of the company’s stock valued at $601,000 after purchasing an additional 700 shares in the last quarter. Independent Advisor Alliance grew its position in shares of DigitalBridge Group by 4.5% in the 3rd quarter. Independent Advisor Alliance now owns 17,076 shares of the company’s stock valued at $300,000 after purchasing an additional 734 shares during the period. Finally, Fulton Bank N.A. increased its stake in DigitalBridge Group by 16.8% during the 4th quarter. Fulton Bank N.A. now owns 14,459 shares of the company’s stock worth $254,000 after purchasing an additional 2,083 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

Shares of DBRG traded up $0.28 during mid-day trading on Tuesday, hitting $17.42. 1,464,293 shares of the company’s stock were exchanged, compared to its average volume of 2,020,382. The company has a 50-day simple moving average of $18.54 and a 200 day simple moving average of $17.75. The company has a market cap of $2.85 billion, a PE ratio of 35.55 and a beta of 1.91. DigitalBridge Group, Inc. has a 52 week low of $10.20 and a 52 week high of $20.99.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $350.31 million for the quarter, compared to analyst estimates of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. On average, analysts anticipate that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio (DPR) is 8.16%.

Analyst Ratings Changes

Separately, Truist Financial upped their price target on shares of DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $22.08.

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.