31,274 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Acquired by Duality Advisers LP

Duality Advisers LP acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,274 shares of the company’s stock, valued at approximately $549,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of DigitalBridge Group during the 3rd quarter valued at $71,000. CWM LLC boosted its position in DigitalBridge Group by 59.9% during the fourth quarter. CWM LLC now owns 8,371 shares of the company’s stock worth $147,000 after purchasing an additional 3,135 shares during the period. New York State Teachers Retirement System purchased a new position in shares of DigitalBridge Group in the fourth quarter worth about $175,000. Pathstone Family Office LLC purchased a new position in shares of DigitalBridge Group in the third quarter worth about $223,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of DigitalBridge Group in the fourth quarter valued at approximately $223,000. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Down 0.7 %

DBRG stock opened at $17.04 on Friday. The firm has a market capitalization of $2.79 billion, a PE ratio of 34.78 and a beta of 1.91. DigitalBridge Group, Inc. has a twelve month low of $10.20 and a twelve month high of $20.99. The stock has a 50-day simple moving average of $18.41 and a two-hundred day simple moving average of $17.74.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $350.31 million during the quarter, compared to analyst estimates of $287.41 million. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. On average, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.25 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Wednesday, March 27th. DigitalBridge Group’s payout ratio is presently 8.16%.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their price objective on shares of DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $22.08.

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.