Sarasin & Partners LLP Buys New Position in DigitalBridge Group, Inc. $DBRG

Sarasin & Partners LLP purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 159,803 shares of the company’s stock, valued at approximately $1,886,000. Sarasin & Partners LLP owned about 0.09% of DigitalBridge Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DBRG. Frontier Capital Management Co. LLC boosted its position in DigitalBridge Group by 29.8% during the second quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock worth $58,678,000 after acquiring an additional 1,302,150 shares during the last quarter. Geode Capital Management LLC raised its holdings in DigitalBridge Group by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,908,311 shares of the company’s stock valued at $40,456,000 after acquiring an additional 204,770 shares during the last quarter. Invesco Ltd. lifted its stake in shares of DigitalBridge Group by 8.0% during the 2nd quarter. Invesco Ltd. now owns 3,836,949 shares of the company’s stock worth $39,712,000 after purchasing an additional 285,721 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in shares of DigitalBridge Group by 5.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 3,617,965 shares of the company’s stock worth $37,446,000 after purchasing an additional 171,988 shares during the last quarter. Finally, Private Management Group Inc. grew its position in shares of DigitalBridge Group by 1.0% in the second quarter. Private Management Group Inc. now owns 2,485,817 shares of the company’s stock valued at $25,728,000 after purchasing an additional 24,061 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Price Performance

NYSE DBRG opened at $13.17 on Friday. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $15.55. The firm has a market capitalization of $2.41 billion, a P/E ratio of 219.55 and a beta of 1.77. The business’s 50-day simple moving average is $11.70 and its 200-day simple moving average is $11.28.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DBRG shares. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. TD Cowen upped their price objective on shares of DigitalBridge Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Royal Bank Of Canada raised their target price on shares of DigitalBridge Group from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 8th. Keefe, Bruyette & Woods upped their price target on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.69.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.