Schwartz Investment Counsel Inc. Has $7.03 Million Stake in DigitalBridge Group, Inc. $DBRG

Schwartz Investment Counsel Inc. increased its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 601,187 shares of the company’s stock after purchasing an additional 57,560 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.33% of DigitalBridge Group worth $7,034,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBRG. Nordea Investment Management AB lifted its holdings in shares of DigitalBridge Group by 24.1% during the 3rd quarter. Nordea Investment Management AB now owns 332,414 shares of the company’s stock worth $3,849,000 after acquiring an additional 64,474 shares during the period. Iridian Asset Management LLC CT raised its position in DigitalBridge Group by 13.8% in the third quarter. Iridian Asset Management LLC CT now owns 399,393 shares of the company’s stock worth $4,673,000 after purchasing an additional 48,376 shares in the last quarter. State of Alaska Department of Revenue bought a new position in DigitalBridge Group during the third quarter worth about $84,000. SG Americas Securities LLC bought a new position in DigitalBridge Group during the third quarter worth about $372,000. Finally, Fulton Bank N.A. boosted its holdings in DigitalBridge Group by 8.7% during the third quarter. Fulton Bank N.A. now owns 36,114 shares of the company’s stock valued at $423,000 after purchasing an additional 2,893 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $15.35 on Monday. The business’s fifty day moving average is $12.74 and its two-hundred day moving average is $11.92. The firm has a market cap of $2.80 billion, a P/E ratio of 255.79 and a beta of 1.69. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $15.55.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $3.82 million during the quarter, compared to analyst estimates of $96.45 million. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DBRG shares. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Royal Bank Of Canada cut DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $23.00 to $16.00 in a report on Tuesday, December 30th. Citizens Jmp lowered shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods increased their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 30th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DigitalBridge Group presently has an average rating of “Hold” and a consensus target price of $16.22.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.