DigitalBridge Group Target of Unusually Large Options Trading (NYSE:DBRG)

DigitalBridge Group, Inc. (NYSE:DBRG) was the recipient of unusually large options trading on Friday. Stock traders purchased 12,877 call options on the company. This is an increase of 161% compared to the average volume of 4,935 call options.

Institutional Trading of DigitalBridge Group

Several institutional investors have recently made changes to their positions in DBRG. Vanguard Group Inc. increased its stake in DigitalBridge Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 17,235,457 shares of the company’s stock valued at $201,655,000 after buying an additional 158,479 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of DigitalBridge Group by 29.8% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock valued at $58,678,000 after acquiring an additional 1,302,150 shares in the last quarter. Portolan Capital Management LLC increased its stake in shares of DigitalBridge Group by 77.4% in the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after acquiring an additional 2,386,066 shares during the last quarter. Invesco Ltd. raised its holdings in shares of DigitalBridge Group by 5.5% during the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock worth $47,377,000 after acquiring an additional 212,361 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of DigitalBridge Group by 5.5% during the second quarter. Geode Capital Management LLC now owns 3,908,311 shares of the company’s stock worth $40,456,000 after acquiring an additional 204,770 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DBRG. Weiss Ratings reissued a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a research note on Monday, November 3rd. B. Riley upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.93.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG traded up $3.09 during mid-day trading on Friday, hitting $12.81. The stock had a trading volume of 18,036,935 shares, compared to its average volume of 2,838,063. The company’s 50 day moving average is $11.17 and its 200-day moving average is $11.06. DigitalBridge Group has a 12-month low of $6.41 and a 12-month high of $14.00. The company has a market cap of $2.34 billion, a PE ratio of 213.29 and a beta of 1.77.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $232.83 million for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.78%. On average, equities research analysts predict that DigitalBridge Group will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio is 66.67%.

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.