DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Wafra Inc.

Wafra Inc. grew its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,455,808 shares of the company’s stock after purchasing an additional 1,020,409 shares during the quarter. DigitalBridge Group makes up about 89.0% of Wafra Inc.’s holdings, making the stock its largest position. Wafra Inc. owned 8.89% of DigitalBridge Group worth $211,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC increased its holdings in shares of DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after acquiring an additional 1,900 shares during the period. Quarry LP acquired a new position in DigitalBridge Group in the fourth quarter valued at $41,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of DigitalBridge Group in the first quarter valued at about $216,000. Capstone Investment Advisors LLC acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth about $220,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of DigitalBridge Group by 7.2% during the fourth quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock worth $235,000 after buying an additional 905 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DBRG. Deutsche Bank Aktiengesellschaft reduced their price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Raymond James decreased their price target on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods cut their price objective on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating for the company in a research report on Tuesday, June 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a report on Wednesday, July 3rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $19.22.

DigitalBridge Group Trading Down 1.2 %

Shares of NYSE:DBRG traded down $0.14 on Friday, reaching $11.87. 166,345 shares of the company were exchanged, compared to its average volume of 2,100,662. The company has a 50-day moving average of $13.11 and a 200-day moving average of $15.10. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.22 and a beta of 2.00. DigitalBridge Group, Inc. has a 1-year low of $11.82 and a 1-year high of $20.99.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The company had revenue of $390.34 million for the quarter, compared to analyst estimates of $97.05 million. As a group, analysts forecast that DigitalBridge Group, Inc. will post 0.28 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date is Monday, September 30th. DigitalBridge Group’s payout ratio is currently 2.58%.

DigitalBridge Group 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.