BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 740,706 shares of the company’s stock after buying an additional 109,371 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.45% of DigitalBridge Group worth $14,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DBRG. New York State Common Retirement Fund lifted its position in shares of DigitalBridge Group by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock valued at $2,651,000 after buying an additional 514 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of DigitalBridge Group by 7.2% during the fourth quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock valued at $235,000 after buying an additional 905 shares during the last quarter. Harvest Investment Services LLC lifted its position in shares of DigitalBridge Group by 8.3% during the fourth quarter. Harvest Investment Services LLC now owns 27,084 shares of the company’s stock valued at $475,000 after buying an additional 2,084 shares during the last quarter. Swiss National Bank lifted its position in shares of DigitalBridge Group by 0.7% during the first quarter. Swiss National Bank now owns 322,325 shares of the company’s stock valued at $6,211,000 after buying an additional 2,100 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of DigitalBridge Group by 8.6% during the first quarter. ProShare Advisors LLC now owns 29,092 shares of the company’s stock valued at $561,000 after buying an additional 2,292 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DBRG. JPMorgan Chase & Co. cut their price objective on shares of DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Keefe, Bruyette & Woods cut their price objective on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a report on Tuesday, June 18th. Royal Bank of Canada restated an “outperform” rating and set a $19.00 price objective on shares of DigitalBridge Group in a report on Wednesday, July 3rd. B. Riley cut their price objective on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $17.00 price target (down previously from $21.00) on shares of DigitalBridge Group in a report on Tuesday, June 18th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.54.

DigitalBridge Group Stock Up 0.1 %

Shares of NYSE DBRG traded up $0.01 during midday trading on Thursday, reaching $14.38. 698,019 shares of the stock were exchanged, compared to its average volume of 2,202,435. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.45 and a beta of 2.00. DigitalBridge Group, Inc. has a twelve month low of $12.12 and a twelve month high of $20.99. The firm has a 50-day simple moving average of $13.41 and a two-hundred day simple moving average of $16.60.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $74.39 million for the quarter, compared to analyst estimates of $100.76 million. DigitalBridge Group had a return on equity of 3.14% and a net margin of 26.64%. Research analysts expect that DigitalBridge Group, Inc. will post 0.28 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. 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.