36,107 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,107 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at approximately $6,718,000. Brown Advisory Inc. raised its stake in DigitalBridge Group by 78.2% during the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company’s stock valued at $41,273,000 after acquiring an additional 1,605,391 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in DigitalBridge Group by 128.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company’s stock worth $25,971,000 after acquiring an additional 1,294,275 shares during the period. Beryl Capital Management LLC grew its stake 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 worth $2,308,000 after purchasing an additional 153,763 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at $787,000. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Down 0.6 %

DBRG opened at $8.61 on Friday. The business has a fifty day simple moving average of $8.62 and a 200-day simple moving average of $10.77. The firm has a market cap of $1.50 billion, a PE ratio of 287.00, a P/E/G 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.

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

DigitalBridge Group Announces Dividend

The company also recently declared 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 of this dividend is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 13.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, May 6th. JMP Securities initiated coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.06.

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.