GRS Advisors LLC Cuts Stock Position in DigitalBridge Group, Inc. $DBRG

GRS Advisors LLC cut its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 27.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,816,915 shares of the company’s stock after selling 704,661 shares during the period. DigitalBridge Group accounts for approximately 1.8% of GRS Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. GRS Advisors LLC’s holdings in DigitalBridge Group were worth $18,805,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Clearline Capital LP raised its stake in shares of DigitalBridge Group by 189.8% during the 1st quarter. Clearline Capital LP now owns 2,286,782 shares of the company’s stock worth $20,169,000 after acquiring an additional 1,497,664 shares in the last quarter. Long Pond Capital LP acquired a new position in shares of DigitalBridge Group during the second quarter worth $13,747,000. DAVENPORT & Co LLC purchased a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $13,351,000. Conversant Capital LLC acquired a new stake in shares of DigitalBridge Group in the 1st quarter worth $10,584,000. Finally, Segall Bryant & Hamill LLC grew its stake in DigitalBridge Group by 65.8% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 2,343,736 shares of the company’s stock worth $24,258,000 after buying an additional 929,920 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DBRG shares. TD Cowen increased their price target on DigitalBridge Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Truist Financial upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Keefe, Bruyette & Woods increased their price objective on shares of DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a research report on Monday, November 3rd. B. Riley raised shares of DigitalBridge Group to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.69.

DigitalBridge Group Price Performance

NYSE DBRG opened at $14.98 on Tuesday. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.26. The company has a market capitalization of $2.74 billion, a PE ratio of 249.64 and a beta of 1.77. The company has a fifty day moving average of $11.28 and a 200 day moving average of $11.10.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $232.83 million for the quarter. DigitalBridge Group had a return on equity of 4.78% and a net margin of 18.57%. Research analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s payout ratio is presently 66.67%.

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.