Intech Investment Management LLC Has $703,000 Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Intech Investment Management LLC boosted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 51.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,340 shares of the company’s stock after purchasing an additional 21,226 shares during the quarter. Intech Investment Management LLC’s holdings in DigitalBridge Group were worth $703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC increased its holdings in DigitalBridge Group by 27.3% in the 4th quarter. William Blair Investment Management LLC now owns 3,003,062 shares of the company’s stock valued at $33,875,000 after buying an additional 643,705 shares during the period. Horizon Kinetics Asset Management LLC increased its stake in DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock valued at $50,572,000 after acquiring an additional 4,020,627 shares during the last quarter. TCTC Holdings LLC raised its position in DigitalBridge Group by 36.9% during the fourth quarter. TCTC Holdings LLC now owns 125,779 shares of the company’s stock valued at $1,419,000 after purchasing an additional 33,901 shares in the last quarter. Cibc World Markets Corp bought a new stake in DigitalBridge Group during the fourth quarter worth $168,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at $290,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DBRG opened at $9.23 on Monday. DigitalBridge Group, Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.49. The company’s 50 day moving average price is $10.61 and its two-hundred day moving average price is $12.32. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 307.73, a PEG ratio of 3.46 and a beta of 1.91.

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

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. DigitalBridge Group’s dividend payout ratio (DPR) is 133.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DBRG shares. Truist Financial lowered their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price target 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. B. Riley lowered their price objective on shares of 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, Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $16.61.

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.