Duality Advisers LP Invests $549,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

Duality Advisers LP purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 31,274 shares of the company’s stock, valued at approximately $549,000.

Several other large investors have also recently made changes to their positions in DBRG. Wellington Management Group LLP bought a new position in shares of DigitalBridge Group in the 3rd quarter worth $47,948,000. Pacer Advisors Inc. purchased a new position in DigitalBridge Group during the 4th quarter worth $19,351,000. New South Capital Management Inc. grew its stake in DigitalBridge Group by 35.3% during the 3rd quarter. New South Capital Management Inc. now owns 2,790,968 shares of the company’s stock worth $49,065,000 after buying an additional 727,864 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in DigitalBridge Group by 490.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 640,876 shares of the company’s stock worth $11,267,000 after buying an additional 532,376 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in DigitalBridge Group during the 3rd quarter worth $8,288,000. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $17.04 on Friday. DigitalBridge Group, Inc. has a 1-year low of $10.20 and a 1-year high of $20.99. The stock’s fifty day moving average price is $18.41 and its 200 day moving average price is $17.74. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 34.78 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $350.31 million for the quarter, compared to the consensus estimate of $287.41 million. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. As a group, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. DigitalBridge Group’s payout ratio is presently 8.16%.

Analysts Set New Price Targets

Separately, Truist Financial boosted their target price on DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and a consensus price target of $22.08.

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.