Vanguard Personalized Indexing Management LLC Increases Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Vanguard Personalized Indexing Management LLC grew its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 41.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,405 shares of the company’s stock after purchasing an additional 5,392 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in DigitalBridge Group were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB bought a new position in DigitalBridge Group during the first quarter valued at approximately $3,214,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of DigitalBridge Group during the 1st quarter worth approximately $1,247,000. GRS Advisors LLC raised its holdings in shares of DigitalBridge Group by 23.7% during the 4th quarter. GRS Advisors LLC now owns 1,534,820 shares of the company’s stock worth $26,921,000 after acquiring an additional 293,987 shares in the last quarter. Sei Investments Co. boosted its position in shares of DigitalBridge Group by 77.9% during the 1st quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock valued at $5,836,000 after acquiring an additional 132,638 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of DigitalBridge Group by 555.4% in the fourth quarter. Franklin Resources Inc. now owns 92,896 shares of the company’s stock valued at $1,629,000 after purchasing an additional 78,723 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $14.39 on Monday. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99. The firm has a 50-day simple moving average of $13.12 and a two-hundred day simple moving average of $14.51. The company has a market cap of $2.50 billion, a P/E ratio of 9.28, a PEG ratio of 2.59 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The business had revenue of $390.34 million for the quarter, compared to the consensus estimate of $97.05 million. As a group, equities research analysts expect that DigitalBridge Group, Inc. will post 0.16 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, September 30th. DigitalBridge Group’s dividend payout ratio is currently 2.58%.

Analysts Set New Price Targets

DBRG has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price target on shares of DigitalBridge Group in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research report on Tuesday, June 18th. B. Riley dropped their price target on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $19.22.

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.