New South Capital Management Inc. Acquires 115,029 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

New South Capital Management Inc. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,055,232 shares of the company’s stock after buying an additional 115,029 shares during the period. DigitalBridge Group accounts for about 1.9% of New South Capital Management Inc.’s holdings, making the stock its 20th largest position. New South Capital Management Inc.’s holdings in DigitalBridge Group were worth $45,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atria Investments Inc lifted its stake in DigitalBridge Group by 29.3% during the fourth quarter. Atria Investments Inc now owns 17,550 shares of the company’s stock worth $198,000 after purchasing an additional 3,981 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DigitalBridge Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock worth $34,186,000 after purchasing an additional 99,891 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in DigitalBridge Group by 41.5% during the fourth quarter. Jones Financial Companies Lllp now owns 11,316 shares of the company’s stock worth $128,000 after purchasing an additional 3,316 shares during the last quarter. New York State Common Retirement Fund lifted its stake in DigitalBridge Group by 36.4% during the fourth quarter. New York State Common Retirement Fund now owns 437,113 shares of the company’s stock worth $4,931,000 after purchasing an additional 116,610 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in DigitalBridge Group by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 503,142 shares of the company’s stock worth $5,675,000 after purchasing an additional 8,994 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Down 1.6 %

NYSE DBRG opened at $10.72 on Thursday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 357.40, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a twelve month low of $10.04 and a twelve month high of $19.49. The stock has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $12.56.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. Research analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. DigitalBridge Group’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities started coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target for the company. B. Riley lowered their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $16.61.

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.