William Blair Investment Management LLC Grows Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

William Blair Investment Management LLC increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,003,062 shares of the company’s stock after buying an additional 643,705 shares during the period. William Blair Investment Management LLC owned about 1.72% of DigitalBridge Group worth $33,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DBRG. Horizon Kinetics Asset Management LLC raised its holdings in shares of DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock valued at $50,572,000 after acquiring an additional 4,020,627 shares in the last quarter. Potrero Capital Research LLC bought a new stake in shares of DigitalBridge Group in the third quarter valued at about $20,201,000. Massachusetts Financial Services Co. MA raised its holdings in shares of DigitalBridge Group by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock valued at $51,442,000 after acquiring an additional 791,506 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of DigitalBridge Group in the third quarter valued at about $9,757,000. Finally, Clearline Capital LP bought a new stake in shares of DigitalBridge Group in the third quarter valued at about $7,468,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Truist Financial cut their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. 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. Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price 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. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and an average price target of $16.61.

DigitalBridge Group Stock Performance

Shares of DBRG stock opened at $9.71 on Wednesday. DigitalBridge Group, Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.49. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 323.53, a PEG ratio of 3.46 and a beta of 1.91. The stock’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $12.37.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share 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 business had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. As a group, equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.41%. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

DigitalBridge Group Company 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.