ExodusPoint Capital Management LP Lowers Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

ExodusPoint Capital Management LP lowered its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 79.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,507 shares of the company’s stock after selling 555,375 shares during the period. ExodusPoint Capital Management LP owned approximately 0.08% of DigitalBridge Group worth $1,641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of DigitalBridge Group in the 4th quarter worth approximately $37,000. Manchester Capital Management LLC boosted its holdings in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after acquiring an additional 2,710 shares in the last quarter. KBC Group NV grew its stake in shares of DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after acquiring an additional 6,153 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $6.77 on Wednesday. DigitalBridge Group, Inc. has a one year low of $6.44 and a one year high of $19.00. The stock has a fifty day moving average of $9.92 and a 200 day moving average of $11.88. The stock has a market cap of $1.18 billion, a PE ratio of 225.80, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, sell-side analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DBRG. JPMorgan Chase & Co. dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial decreased their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their target price on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Wednesday, February 26th. Finally, JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $16.39.

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.