Massachusetts Financial Services Co. MA Has $39.06 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Massachusetts Financial Services Co. MA cut its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,462,743 shares of the company’s stock after selling 177,889 shares during the period. Massachusetts Financial Services Co. MA owned 1.99% of DigitalBridge Group worth $39,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of DigitalBridge Group in the 4th quarter valued at $37,000. Manchester Capital Management LLC boosted its position in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after acquiring an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after acquiring an additional 2,710 shares during the period. KBC Group NV raised its position in shares of DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 6,153 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $7.04 on Friday. DigitalBridge Group, Inc. has a 1 year low of $6.90 and a 1 year high of $19.00. The stock has a market capitalization of $1.23 billion, a P/E ratio of 234.50, a P/E/G ratio of 3.46 and a beta of 1.68. The company has a 50-day moving average price of $10.14 and a 200-day moving average price of $12.03.

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

DigitalBridge Group Announces Dividend

The business also recently declared 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DBRG shares. JMP Securities began coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company. B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday, February 26th. Truist Financial reduced their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company increased their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $16.39.

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.