DigitalBridge Group, Inc. (NYSE:DBRG) Holdings Raised by National Asset Management Inc.

National Asset Management Inc. boosted its stake in DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,125 shares of the company’s stock after buying an additional 1,925 shares during the quarter. National Asset Management Inc.’s holdings in DigitalBridge Group were worth $174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DBRG. Capital International Investors lifted its position in DigitalBridge Group by 18.8% in the 4th quarter. Capital International Investors now owns 28,570,127 shares of the company’s stock worth $237,989,000 after buying an additional 4,521,353 shares in the last quarter. Conversant Capital LLC purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $33,570,000. American Century Companies Inc. lifted its position in DigitalBridge Group by 233.8% in the 4th quarter. American Century Companies Inc. now owns 4,572,281 shares of the company’s stock worth $38,087,000 after buying an additional 3,202,608 shares in the last quarter. Nuveen Asset Management LLC lifted its position in DigitalBridge Group by 93.8% in the 4th quarter. Nuveen Asset Management LLC now owns 4,541,657 shares of the company’s stock worth $36,015,000 after buying an additional 2,197,592 shares in the last quarter. Finally, State Street Corp lifted its position in DigitalBridge Group by 10.1% in the 4th quarter. State Street Corp now owns 17,152,763 shares of the company’s stock worth $142,883,000 after buying an additional 1,573,305 shares in the last quarter. Hedge funds and other institutional investors own 79.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.88.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $5.31 on Tuesday. The company has a market capitalization of $3.02 billion, a PE ratio of -7.48 and a beta of 1.77. DigitalBridge Group, Inc. has a one year low of $4.49 and a one year high of $8.55. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.93 and a quick ratio of 1.93. The company’s fifty day moving average price is $5.27 and its 200 day moving average price is $6.39.

DigitalBridge Group (NYSE:DBRG – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.47). DigitalBridge Group had a negative return on equity of 3.79% and a negative net margin of 30.95%. During the same quarter in the prior year, the company posted $0.01 earnings per share. As a group, analysts expect that DigitalBridge Group, Inc. will post -0.11 earnings per share for the current year.

About DigitalBridge Group

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DigitalBridge Group, Inc is a leading global digital infrastructure REIT and private equity firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.

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