Sanctuary Advisors LLC Increases Stake in DigitalBridge Group

Sanctuary Advisors LLC has significantly increased its investment in DigitalBridge Group, Inc. (NYSE:DBRG) by 72.3% during the fourth quarter. According to the latest disclosure made with the Securities and Exchange Commission (SEC), the institutional investor now owns a total of 377,989 shares of DigitalBridge Group's stock, after acquiring an additional 158,647 shares in this period. At the close of the last quarter, Sanctuary Advisors LLC's stake in DigitalBridge Group was valued at approximately $4,105,000, which accounts for about 0.22% of the company.

In addition to Sanctuary Advisors, several other institutional investors and hedge funds have also adjusted their holdings in DigitalBridge Group. For instance, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake by 24.9% in the third quarter, acquiring an additional 271,853 shares, bringing its total to 1,364,524 shares, valued at $19,281,000. Similarly, Geode Capital Management LLC boosted its holdings by 8.3%, now owning 4,167,413 shares worth $58,895,000 after a purchase of 317,776 shares.

Moreover, UBS AM, a business unit of UBS ASSET MANAGEMENT AMERICAS LLC, increased its stake dramatically by 101.9%, securing an additional 158,790 shares to reach a total of 314,557 shares worth $4,445,000. Horizon Kinetics Asset Management LLC also took a new position in DigitalBridge Group, investing approximately $6,538,000. Notably, Rockefeller Capital Management L.P. has made headlines with a substantial 482.6% increase in its holdings, acquiring an additional 119,922 shares for a total of 144,772 shares valued at $2,046,000. Overall, institutional investors now own about 92.69% of the stock.

Analyst Recommendations

DigitalBridge Group's stock has been the focus of various research reports. For example, B. Riley adjusted its price target from $24.00 to $20.00 while maintaining a "buy" rating. Truist Financial also lowered its price objective from $17.00 to $15.00 with a "buy" rating. Meanwhile, JPMorgan Chase & Co. has set their price target at $18.00 with an "overweight" rating after cutting their previous target from $20.00. Additionally, Raymond James lowered its price target from $19.00 to $16.00 and set a "strong-buy" rating.

The outlook for DigitalBridge Group appears cautiously optimistic, with one analyst giving a hold rating, while seven others have rated it as a buy, and two have issued a strong buy rating. The consensus rating for the stock is a "buy" with an average target price of $16.67 according to MarketBeat.com data.

DigitalBridge Group Financial Overview

As of the latest trading session, shares of DigitalBridge Group (DBRG) opened at $12.18. The company has a market capitalization of $2.12 billion, a P/E ratio of 16.68, and a price-to-earnings growth ratio of 3.04. The stock has shown a one-year range of $10.03 to $19.49. Its fifty-day moving average price stands at $10.99 and the 200-day moving average price is $12.62.

Recently, DigitalBridge Group reported its quarterly earnings, revealing $0.11 earnings per share, surpassing analysts' consensus estimate of $0.08 by $0.03. The company's revenue for the quarter stood at $101.55 million, stronger than the anticipated $93.01 million. The firm showed a net margin of 21.42% and a return on equity of 3.58%. Analysts suggest that for the current fiscal year, DigitalBridge Group, Inc. will post an EPS of $0.04.

Dividend Information

DigitalBridge Group has also announced a quarterly dividend, set to be paid on April 15th. Shareholders on record by March 31st will receive a dividend of $0.01 per share, translating to an annualized dividend of $0.04 and a yield of 0.33%. The ex-dividend date is the same, March 31st. Currently, the company’s dividend payout ratio is at a high 133.33%.

Company Profile

DigitalBridge Group specializes in infrastructure investment, focusing on digital infrastructure assets. The company provides these services primarily to institutional investors, concentrating on investments in data centers, cell towers, fiber networks, small cells, and edge infrastructure. Established in 1991, DigitalBridge Group is headquartered in Boca Raton, Florida, with additional offices located in Los Angeles, California, and New York, New York.

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