Pensionfund DSM Netherlands lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) by 41.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,233 shares of the company’s stock after selling 10,000 shares during the period. Pensionfund DSM Netherlands’ holdings in DigitalBridge Group were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBRG. Price T Rowe Associates Inc. MD boosted its holdings in shares of DigitalBridge Group by 28.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 18,874,133 shares of the company’s stock worth $92,106,000 after purchasing an additional 4,176,103 shares during the period. State Street Corp boosted its holdings in shares of DigitalBridge Group by 18.6% during the first quarter. State Street Corp now owns 20,337,683 shares of the company’s stock worth $146,431,000 after purchasing an additional 3,184,920 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of DigitalBridge Group during the second quarter worth about $11,767,000. Vanguard Group Inc. lifted its holdings in DigitalBridge Group by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,983,124 shares of the company’s stock worth $539,879,000 after buying an additional 1,666,885 shares during the period. Finally, Norges Bank purchased a new stake in DigitalBridge Group in the fourth quarter worth about $16,835,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $14.36 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.92 and a quick ratio of 0.92. DigitalBridge Group, Inc. has a twelve month low of $9.99 and a twelve month high of $23.44. The firm has a 50 day moving average of $12.07 and a 200 day moving average of $12.33.

DigitalBridge Group (NYSE:DBRG – Get Rating) last posted its earnings results on Wednesday, May 3rd. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). DigitalBridge Group had a positive return on equity of 0.89% and a negative net margin of 24.01%. The company had revenue of $250.16 million during the quarter, compared to the consensus estimate of $297.44 million. During the same period last year, the firm posted ($0.46) EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that DigitalBridge Group, Inc. will post 0.09 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Thursday, June 29th. DigitalBridge Group’s dividend payout ratio (DPR) is presently -1.91%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DBRG. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 27th. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, February 27th. B. Riley lowered their target price on shares of DigitalBridge Group from $32.00 to $29.00 and set a “buy” rating for the company in a report on Friday, March 24th. Cowen lowered their target price on shares of DigitalBridge Group from $27.00 to $20.00 in a report on Monday, February 27th. Finally, Raymond James lowered their target price on shares of DigitalBridge Group from $34.00 to $25.00 and set a “strong-buy” rating for the company in a report on Thursday, March 2nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $21.44.

DigitalBridge Group Company Profile

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DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $69 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.

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