Dynamic Technology Lab Private Ltd Raises Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Dynamic Technology Lab Private Ltd lifted its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 31.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,928 shares of the company’s stock after buying an additional 9,052 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in DigitalBridge Group were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DBRG. Harvest Fund Management Co. Ltd bought a new position in DigitalBridge Group in the 3rd quarter valued at approximately $71,000. CWM LLC lifted its holdings in shares of DigitalBridge Group by 59.9% during the fourth quarter. CWM LLC now owns 8,371 shares of the company’s stock valued at $147,000 after purchasing an additional 3,135 shares in the last quarter. Bfsg LLC purchased a new stake in shares of DigitalBridge Group during the fourth quarter valued at $171,000. New York State Teachers Retirement System bought a new stake in DigitalBridge Group in the 4th quarter worth about $175,000. Finally, Pathstone Family Office LLC bought a new stake in DigitalBridge Group in the 3rd quarter worth about $223,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

DBRG has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Truist Financial lowered their price objective on shares of DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $21.25.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $13.13 on Friday. The stock’s 50-day simple moving average is $16.84 and its two-hundred day simple moving average is $17.54. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.47 and a beta of 1.95. DigitalBridge Group, Inc. has a 52-week low of $10.98 and a 52-week high of $20.99.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). DigitalBridge Group had a return on equity of 3.14% and a net margin of 26.64%. The business had revenue of $74.39 million for the quarter, compared to analysts’ expectations of $100.76 million. As a group, equities analysts forecast that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 2.58%.

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.