Swiss National Bank Has $4.33 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Swiss National Bank raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) by 11.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 395,825 shares of the company’s stock after buying an additional 41,900 shares during the period. Swiss National Bank’s holdings in DigitalBridge Group were worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its position in shares of DigitalBridge Group by 14.0% in the fourth quarter. Arizona State Retirement System now owns 46,248 shares of the company’s stock valued at $506,000 after acquiring an additional 5,685 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $315,000. American Assets Capital Advisers LLC boosted its position in shares of DigitalBridge Group by 24.9% in the fourth quarter. American Assets Capital Advisers LLC now owns 1,645,239 shares of the company’s stock valued at $17,999,000 after acquiring an additional 327,622 shares during the period. American Assets Investment Management LLC boosted its position in shares of DigitalBridge Group by 16.9% in the fourth quarter. American Assets Investment Management LLC now owns 56,048 shares of the company’s stock valued at $613,000 after acquiring an additional 8,097 shares during the period. Finally, TD Asset Management Inc bought a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $761,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on DBRG. Deutsche Bank Aktiengesellschaft began coverage on DigitalBridge Group in a report on Wednesday, February 15th. They set a “buy” rating and a $18.00 price target on the stock. B. Riley dropped their price objective on DigitalBridge Group from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, March 24th. JPMorgan Chase & Co. dropped their price objective on DigitalBridge Group from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, February 27th. Raymond James dropped their price objective on DigitalBridge Group from $34.00 to $25.00 and set a “strong-buy” rating on the stock in a research note on Thursday, March 2nd. Finally, Wells Fargo & Company dropped their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, DigitalBridge Group presently has an average rating of “Buy” and a consensus price target of $22.00.

DigitalBridge Group Price Performance

DBRG opened at $11.03 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.92 and a current ratio of 0.92. DigitalBridge Group, Inc. has a 52-week low of $9.99 and a 52-week high of $25.32. The stock has a market capitalization of $1.79 billion, a PE ratio of -5.28 and a beta of 2.01. The stock’s 50 day moving average price is $11.41 and its 200-day moving average price is $12.44.

DigitalBridge Group (NYSE:DBRG – Get Rating) last released its earnings results on Wednesday, May 3rd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). DigitalBridge Group had a positive return on equity of 0.89% and a negative net margin of 24.01%. The company had revenue of $250.16 million during the quarter, compared to the consensus estimate of $297.44 million. During the same period last year, the firm posted ($0.46) earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.09 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, June 29th. DigitalBridge Group’s payout ratio is currently -1.91%.

About DigitalBridge Group

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DigitalBridge Group, Inc is a digital infrastructure company that engages in investing in digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure. It operates through the Digital Investment Management (Digital IM) and Corporate and Other segments. The Digital IM segment represents a digital infrastructure investment platform, managing capital on behalf of a diverse base of global investors.