Quadrant Capital Group LLC Sells 1,647 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Quadrant Capital Group LLC decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 37.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,767 shares of the company’s stock after selling 1,647 shares during the period. Quadrant Capital Group LLC’s holdings in DigitalBridge Group were worth $31,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DBRG. State Street Corp grew its stake in DigitalBridge Group by 12.0% during the third quarter. State Street Corp now owns 4,427,379 shares of the company’s stock valued at $62,603,000 after acquiring an additional 474,101 shares in the last quarter. Barclays PLC grew its position in shares of DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company’s stock valued at $3,792,000 after purchasing an additional 210,533 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after purchasing an additional 317,776 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of DigitalBridge Group by 10.3% in the third quarter. Sanctuary Advisors LLC now owns 219,342 shares of the company’s stock worth $3,099,000 after buying an additional 20,486 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in DigitalBridge Group by 22.8% during the third quarter. Tidal Investments LLC now owns 99,995 shares of the company’s stock valued at $1,413,000 after buying an additional 18,536 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

DBRG has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. Truist Financial lowered their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. B. Riley dropped their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.39.

DigitalBridge Group Stock Up 3.9 %

Shares of DBRG opened at $7.64 on Friday. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $18.82. The stock has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $11.71. The company has a market capitalization of $1.33 billion, a PE ratio of 254.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s payout ratio is presently 133.33%.

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.