DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Ellis Investment Partners LLC

Ellis Investment Partners LLC increased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRGFree Report) by 21.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 41,710 shares of the company’s stock after buying an additional 7,407 shares during the period. Ellis Investment Partners LLC’s holdings in DigitalBridge Group were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DBRG. Arizona State Retirement System boosted its holdings in DigitalBridge Group by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 46,093 shares of the company’s stock worth $810,000 after buying an additional 694 shares during the last quarter. Strs Ohio boosted its holdings in DigitalBridge Group by 2.1% in the 3rd quarter. Strs Ohio now owns 34,200 shares of the company’s stock worth $601,000 after buying an additional 700 shares during the last quarter. Independent Advisor Alliance boosted its holdings in DigitalBridge Group by 4.5% in the 3rd quarter. Independent Advisor Alliance now owns 17,076 shares of the company’s stock worth $300,000 after buying an additional 734 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in DigitalBridge Group by 4.2% in the 4th quarter. Vident Investment Advisory LLC now owns 23,319 shares of the company’s stock worth $255,000 after buying an additional 937 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in DigitalBridge Group by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 94,242 shares of the company’s stock worth $1,130,000 after buying an additional 944 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

DBRG stock traded down $0.13 during trading on Friday, hitting $18.51. The stock had a trading volume of 1,919,602 shares, compared to its average volume of 2,070,907. DigitalBridge Group, Inc. has a twelve month low of $10.20 and a twelve month high of $20.99. The stock has a market capitalization of $3.03 billion, a P/E ratio of 37.41 and a beta of 1.91. The company’s 50-day moving average price is $18.87 and its two-hundred day moving average price is $17.68.

DigitalBridge Group (NYSE:DBRGGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. The company had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $287.41 million. As a group, sell-side analysts expect that DigitalBridge Group, Inc. will post -0.14 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio is currently 8.16%.

DigitalBridge Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

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