Fox Run Management L.L.C. Has $642,000 Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Fox Run Management L.L.C. lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 193.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,911 shares of the company’s stock after buying an additional 37,506 shares during the quarter. Fox Run Management L.L.C.’s holdings in DigitalBridge Group were worth $642,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Xponance Inc. grew its holdings in DigitalBridge Group by 12.7% during the 4th quarter. Xponance Inc. now owns 11,725 shares of the company’s stock worth $132,000 after acquiring an additional 1,321 shares during the period. Stoneridge Investment Partners LLC grew its stake in DigitalBridge Group by 22.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock worth $148,000 after purchasing an additional 2,408 shares during the period. Swiss National Bank increased its holdings in DigitalBridge Group by 0.8% in the fourth quarter. Swiss National Bank now owns 341,625 shares of the company’s stock worth $3,854,000 after purchasing an additional 2,700 shares in the last quarter. KBC Group NV lifted its stake in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the period. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 2.0 %

Shares of DigitalBridge Group stock opened at $9.42 on Tuesday. DigitalBridge Group, Inc. has a 52 week low of $8.95 and a 52 week high of $19.49. The business has a 50 day moving average price of $10.59 and a 200-day moving average price of $12.30. The company has a market cap of $1.64 billion, a PE ratio of 313.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. As a group, research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on DBRG shares. Truist Financial lowered their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their price target on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a report on Wednesday, February 26th. One research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $16.61.

DigitalBridge Group 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.