Carmel Capital Partners LLC Invests $131,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

Carmel Capital Partners LLC purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,653 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DBRG. Meeder Asset Management Inc. purchased a new stake in DigitalBridge Group in the 3rd quarter valued at $34,000. Spire Wealth Management purchased a new stake in DigitalBridge Group in the 4th quarter valued at $37,000. Manchester Capital Management LLC raised its position in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. KBC Group NV raised its position in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. raised its position in DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after buying an additional 6,153 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DBRG. Keefe, Bruyette & Woods reduced their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Truist Financial reduced their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $16.61.

DigitalBridge Group Stock Down 1.6 %

Shares of NYSE DBRG opened at $10.72 on Thursday. DigitalBridge Group, Inc. has a 52 week low of $10.04 and a 52 week high of $19.49. The business has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $12.56. The company has a market cap of $1.87 billion, a P/E ratio of 357.40, a P/E/G ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $93.01 million. Equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. DigitalBridge Group’s dividend payout ratio is 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.