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

LB Partners LLC increased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 34.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 335,000 shares of the company’s stock after acquiring an additional 85,000 shares during the period. DigitalBridge Group makes up approximately 2.1% of LB Partners LLC’s portfolio, making the stock its 12th biggest holding. LB Partners LLC’s holdings in DigitalBridge Group were worth $2,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after acquiring an additional 1,464 shares during the period. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group in the fourth quarter valued at $39,000. GAMMA Investing LLC grew its holdings in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock valued at $39,000 after purchasing an additional 4,033 shares during the last quarter. Spire Wealth Management grew its holdings in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock valued at $55,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock valued at $57,000 after purchasing an additional 2,710 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial upped their target price on DigitalBridge Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen raised DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Friday, June 27th. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods lowered their target price on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $15.94.

DigitalBridge Group Stock Down 0.8%

Shares of NYSE:DBRG opened at $10.56 on Friday. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $17.33. The stock’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $10.07. The company has a market capitalization of $1.86 billion, a P/E ratio of 35.20, a P/E/G ratio of 1.20 and a beta of 1.67.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. DigitalBridge Group’s dividend payout ratio is currently 13.33%.

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.