TD Asset Management Inc Increases Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

TD Asset Management Inc boosted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 54.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 262,468 shares of the company’s stock after acquiring an additional 92,000 shares during the quarter. TD Asset Management Inc’s holdings in DigitalBridge Group were worth $3,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC boosted its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after acquiring an additional 1,900 shares during the last quarter. Quarry LP purchased a new position in DigitalBridge Group in the 4th quarter valued at about $41,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of DigitalBridge Group during the 1st quarter worth about $216,000. Capstone Investment Advisors LLC acquired a new position in DigitalBridge Group in the 4th quarter valued at $220,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of DigitalBridge Group by 7.2% during the 4th quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock worth $235,000 after purchasing an additional 905 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. B. Riley dropped their price objective on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Truist Financial cut their target price on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Wells Fargo & Company decreased their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Raymond James reduced their price objective on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 8th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $19.22.

DigitalBridge Group Price Performance

DBRG stock opened at $13.89 on Friday. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.12 and a beta of 1.96. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The firm has a fifty day moving average price of $13.01 and a two-hundred day moving average price of $14.87.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. The business had revenue of $390.34 million for the quarter, compared to the consensus estimate of $97.05 million. As a group, analysts expect that DigitalBridge Group, Inc. will post 0.28 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, September 30th. DigitalBridge Group’s payout ratio is 2.58%.

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.