Sanctuary Advisors LLC Increases Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Sanctuary Advisors LLC lifted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,342 shares of the company’s stock after buying an additional 20,486 shares during the period. Sanctuary Advisors LLC’s holdings in DigitalBridge Group were worth $3,099,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in DigitalBridge Group during the second quarter worth $39,033,000. Potrero Capital Research LLC bought a new stake in DigitalBridge Group during the third quarter worth $20,201,000. New South Capital Management Inc. lifted its holdings in DigitalBridge Group by 40.1% during the second quarter. New South Capital Management Inc. now owns 3,929,762 shares of the company’s stock worth $53,838,000 after acquiring an additional 1,125,549 shares during the period. Wafra Inc. lifted its holdings in DigitalBridge Group by 7.1% during the second quarter. Wafra Inc. now owns 15,455,808 shares of the company’s stock worth $211,745,000 after acquiring an additional 1,020,409 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in DigitalBridge Group by 54.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company’s stock worth $36,797,000 after acquiring an additional 952,408 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DBRG shares. Raymond James lowered their target price on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 5th. Truist Financial lowered their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company lowered their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and a consensus target price of $17.88.

DigitalBridge Group Trading Down 0.6 %

NYSE DBRG opened at $11.98 on Wednesday. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The stock has a 50-day moving average of $13.73 and a 200-day moving average of $13.44. The firm has a market cap of $2.09 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s payout ratio is 5.48%.

DigitalBridge Group 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.