Sciencast Management LP Buys Shares of 22,114 DigitalBridge Group, Inc. (NYSE:DBRG)

Sciencast Management LP bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,114 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management bought a new stake in shares of DigitalBridge Group during the 4th quarter valued at $37,000. Manchester Capital Management LLC raised its stake in shares of DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares during the period. KBC Group NV raised its stake in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after purchasing an additional 2,750 shares during the period. Quest Partners LLC raised its stake in shares of DigitalBridge Group by 321.0% during the 3rd quarter. Quest Partners LLC now owns 9,309 shares of the company’s stock valued at $132,000 after purchasing an additional 7,098 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after purchasing an additional 6,153 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Trading Down 2.6 %

DBRG opened at $9.23 on Monday. The stock has a 50-day moving average price of $10.61 and a 200-day moving average price of $12.32. DigitalBridge Group, Inc. has a 12-month low of $8.95 and a 12-month high of $19.49. The stock has a market capitalization of $1.61 billion, a P/E ratio of 307.73, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The firm had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s payout ratio is currently 133.33%.

Analyst Ratings Changes

A number of research firms recently issued reports on DBRG. Wells Fargo & Company boosted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One investment 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 company. According to data from MarketBeat.com, DigitalBridge Group currently has an average rating of “Buy” and a consensus target price of $16.61.

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.