DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 72.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 377,989 shares of the company’s stock after purchasing an additional 158,647 shares during the period. Sanctuary Advisors LLC’s holdings in DigitalBridge Group were worth $4,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DBRG. Creative Planning lifted its position in DigitalBridge Group by 264.9% during the third quarter. Creative Planning now owns 68,036 shares of the company’s stock valued at $961,000 after purchasing an additional 49,392 shares during the period. Blue Trust Inc. raised its position in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of DigitalBridge Group in the third quarter worth about $159,000. Spirit of America Management Corp NY raised its position in shares of DigitalBridge Group by 11.4% in the third quarter. Spirit of America Management Corp NY now owns 39,000 shares of the company’s stock worth $551,000 after acquiring an additional 4,000 shares during the period. Finally, Ellis Investment Partners LLC raised its position in shares of DigitalBridge Group by 5.7% in the third quarter. Ellis Investment Partners LLC now owns 46,426 shares of the company’s stock worth $656,000 after acquiring an additional 2,500 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DBRG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Truist Financial decreased 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 report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. B. Riley decreased 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, JMP Securities assumed coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, DigitalBridge Group currently has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Down 0.5 %

DBRG opened at $12.18 on Friday. DigitalBridge Group, Inc. has a twelve month low of $10.03 and a twelve month high of $19.49. The company has a 50-day moving average price of $10.99 and a 200 day moving average price of $12.62. The company has a market cap 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 (NYSE:DBRG) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 21.42% and a return on equity of 3.58%. The company had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. As a group, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.04 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.33%. DigitalBridge Group’s dividend payout ratio is presently 133.33%.

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.