DigitalBridge Group, Inc. $DBRG Shares Acquired by Azora Capital LP

Azora Capital LP increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 62.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,703,734 shares of the company’s stock after purchasing an additional 1,425,583 shares during the period. DigitalBridge Group accounts for 2.0% of Azora Capital LP’s investment portfolio, making the stock its 18th biggest position. Azora Capital LP owned about 2.03% of DigitalBridge Group worth $43,334,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Portolan Capital Management LLC lifted its position in DigitalBridge Group by 77.4% during the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after buying an additional 2,386,066 shares during the period. Balyasny Asset Management L.P. boosted its stake in DigitalBridge Group by 380.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock worth $34,672,000 after buying an additional 2,346,446 shares during the last quarter. Long Pond Capital LP purchased a new stake in DigitalBridge Group in the 2nd quarter valued at about $13,747,000. Frontier Capital Management Co. LLC grew its holdings in DigitalBridge Group by 29.8% in 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 buying an additional 1,302,150 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of DigitalBridge Group by 65.8% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 2,343,736 shares of the company’s stock valued at $24,258,000 after acquiring an additional 929,920 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.38 on Friday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 34.17 and a beta of 1.67. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $15.55. The business’s 50-day simple moving average is $15.40 and its 200-day simple moving average is $13.18.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.01 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.89%.

Analyst Upgrades and Downgrades

DBRG has been the topic of several recent analyst reports. Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their price target on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 30th. Royal Bank Of Canada downgraded shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $23.00 to $16.00 in a research note on Tuesday, December 30th. Citizens Jmp lowered shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Monday, December 29th. Finally, TD Cowen cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.