DigitalBridge Group, Inc. (NYSE:DBRG) Short Interest Update

DigitalBridge Group, Inc. (NYSE:DBRG) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 20,240,000 shares, a drop of 10.1% from the March 15th total of 22,510,000 shares. Currently, 12.5% of the company’s shares are sold short. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is currently 9.6 days.

DigitalBridge Group Stock Performance

NYSE:DBRG traded down $0.18 on Wednesday, reaching $17.52. The company’s stock had a trading volume of 529,847 shares, compared to its average volume of 2,038,124. DigitalBridge Group has a 1-year low of $10.20 and a 1-year high of $20.99. The business’s 50-day moving average price is $18.78 and its two-hundred day moving average price is $17.71. The firm has a market cap of $2.86 billion, a PE ratio of 36.12 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating 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 business 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 will post -0.14 EPS for the current year.

DigitalBridge Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their target price on DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $22.08.

Institutional Investors Weigh In On DigitalBridge Group

Several institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its stake in shares of DigitalBridge Group by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock valued at $2,651,000 after purchasing an additional 514 shares during the period. Stifel Financial Corp grew its stake in shares of DigitalBridge Group by 0.9% during the 4th quarter. Stifel Financial Corp now owns 59,297 shares of the company’s stock worth $1,040,000 after acquiring an additional 538 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of DigitalBridge Group by 1.5% in the third quarter. Arizona State Retirement System now owns 46,093 shares of the company’s stock valued at $810,000 after purchasing an additional 694 shares during the last quarter. Strs Ohio boosted its holdings in DigitalBridge Group by 2.1% during the third quarter. Strs Ohio now owns 34,200 shares of the company’s stock worth $601,000 after purchasing an additional 700 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in DigitalBridge Group by 4.5% in the third quarter. Independent Advisor Alliance now owns 17,076 shares of the company’s stock valued at $300,000 after purchasing an additional 734 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

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.