Sanctuary Advisors LLC Buys 158,647 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Sanctuary Advisors LLC grew its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 72.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 377,989 shares of the company’s stock after acquiring an additional 158,647 shares during the period. Sanctuary Advisors LLC owned about 0.22% of DigitalBridge Group worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock valued at $19,281,000 after buying an additional 271,853 shares during the period. Geode Capital Management LLC increased its holdings in DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after buying an additional 317,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in DigitalBridge Group by 101.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock valued at $4,445,000 after buying an additional 158,790 shares during the period. Horizon Kinetics Asset Management LLC purchased a new position in DigitalBridge Group during the third quarter valued at approximately $6,538,000. Finally, Rockefeller Capital Management L.P. increased its holdings in DigitalBridge Group by 482.6% during the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock valued at $2,046,000 after buying an additional 119,922 shares during the period. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

DBRG has been the topic of several research reports. B. Riley cut their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Truist Financial cut their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target 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. Raymond James cut their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. Finally, JMP Securities started coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $16.67.

DigitalBridge Group Price Performance

Shares of DBRG opened at $12.18 on Friday. The firm has a market capitalization of $2.12 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.04 and a beta of 1.91. DigitalBridge Group, Inc. has a 1-year low of $10.03 and a 1-year high of $19.49. The company’s fifty day moving average price is $10.99 and its 200-day moving average price is $12.62.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%. As a group, research analysts anticipate that DigitalBridge Group, Inc. will post 0.04 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

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 issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

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.