DigitalBridge Group, Inc. $DBRG Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,940 shares of the company’s stock after selling 1,542 shares during the quarter. Nordea Investment Management AB owned about 0.15% of DigitalBridge Group worth $2,748,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DBRG. Clearline Capital LP boosted its holdings in shares of DigitalBridge Group by 189.8% in the 1st quarter. Clearline Capital LP now owns 2,286,782 shares of the company’s stock valued at $20,169,000 after purchasing an additional 1,497,664 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of DigitalBridge Group in the 2nd quarter valued at $13,351,000. Conversant Capital LLC acquired a new position in shares of DigitalBridge Group during the 1st quarter valued at $10,584,000. Private Management Group Inc. lifted its holdings in shares of DigitalBridge Group by 65.9% during the 1st quarter. Private Management Group Inc. now owns 2,461,756 shares of the company’s stock valued at $21,713,000 after acquiring an additional 978,162 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of DigitalBridge Group during the 1st quarter valued at $6,590,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

DBRG opened at $11.86 on Thursday. The company has a 50-day moving average of $11.77 and a 200-day moving average of $10.58. The company has a market capitalization of $2.16 billion, a P/E ratio of -296.38 and a beta of 1.66. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%.The company had revenue of $232.83 million during the quarter. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 30th. DigitalBridge Group’s dividend payout ratio is currently -100.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Zacks Research lowered shares of DigitalBridge Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Truist Financial lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.14.

About DigitalBridge Group

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.