Ellis Investment Partners LLC Has $656,000 Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Ellis Investment Partners LLC lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,426 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Ellis Investment Partners LLC’s holdings in DigitalBridge Group were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DBRG. nVerses Capital LLC boosted its holdings in shares of DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of DigitalBridge Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. increased its position in DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after buying an additional 2,408 shares in the last quarter. Headlands Technologies LLC raised its stake in DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after buying an additional 7,398 shares during the period. Finally, Xponance Inc. bought a new position in DigitalBridge Group in the second quarter worth approximately $138,000. Institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DBRG shares. Truist Financial decreased their price objective on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Royal Bank of Canada restated an “outperform” rating and set a $19.00 price objective on shares of DigitalBridge Group in a report on Wednesday, July 3rd. B. Riley reduced their price objective on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Raymond James decreased their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and a consensus target price of $19.22.

DigitalBridge Group Stock Up 1.4 %

DigitalBridge Group stock traded up $0.24 during midday trading on Friday, hitting $16.86. 2,906,638 shares of the stock were exchanged, compared to its average volume of 2,277,832. DigitalBridge Group, Inc. has a 52-week low of $11.07 and a 52-week high of $20.99. The business’s 50-day moving average price is $13.99 and its 200-day moving average price is $14.07. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.95.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $390.34 million during the quarter, compared to analysts’ expectations of $97.05 million. DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. On average, sell-side analysts predict that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 2.58%.

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.