DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY boosted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,000 shares of the company’s stock after buying an additional 4,000 shares during the period. Spirit of America Management Corp NY’s holdings in DigitalBridge Group were worth $551,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DBRG. nVerses Capital LLC lifted its position in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after purchasing an additional 1,900 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of DigitalBridge Group during the third quarter worth approximately $35,000. Blue Trust Inc. raised its holdings in DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after purchasing an additional 7,398 shares during the last quarter. Finally, Xponance Inc. purchased a new stake in DigitalBridge Group during the 2nd quarter worth about $138,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

DBRG has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Truist Financial dropped their price objective on shares of 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 lowered their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada restated an “outperform” rating and set a $19.00 price target on shares of DigitalBridge Group in a research note on Wednesday, July 3rd. Finally, B. Riley reduced their price target on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a 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. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and a consensus target price of $19.22.

DigitalBridge Group Trading Up 5.1 %

Shares of NYSE:DBRG opened at $16.62 on Friday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 2.84 and a beta of 1.95. The stock’s 50-day moving average price is $13.89 and its two-hundred day moving average price is $14.11. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $390.34 million for the quarter, compared to analysts’ expectations of $97.05 million. DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. As a group, research analysts forecast that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Monday, September 30th. DigitalBridge Group’s dividend payout ratio is presently 1.88%.

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.