Strs Ohio Cuts Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Strs Ohio trimmed its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,000 shares of the company’s stock after selling 1,200 shares during the quarter. Strs Ohio’s holdings in DigitalBridge Group were worth $578,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DBRG. Harvest Fund Management Co. Ltd acquired a new stake in shares of DigitalBridge Group in the third quarter valued at about $71,000. New York State Teachers Retirement System acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $175,000. Pathstone Family Office LLC acquired a new stake in shares of DigitalBridge Group in the third quarter valued at about $223,000. Arkadios Wealth Advisors acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $223,000. Finally, Advisor Resource Council acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $251,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

DigitalBridge Group Stock Down 1.6 %

Shares of NYSE DBRG opened at $16.78 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of 34.23 and a beta of 1.91. The business has a 50 day moving average price of $18.35 and a two-hundred day moving average price of $17.75. DigitalBridge Group, Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $20.99.

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

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. DigitalBridge Group’s dividend payout ratio is currently 8.16%.

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.