CIBRA Capital Ltd Makes New Investment in DigitalBridge Group, Inc. $DBRG

CIBRA Capital Ltd purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, Holdings Channel.com reports. The firm purchased 130,800 shares of the company’s stock, valued at approximately $2,006,000. DigitalBridge Group accounts for 3.4% of CIBRA Capital Ltd’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of DigitalBridge Group during the third quarter worth about $84,000. NEOS Investment Management LLC bought a new stake in DigitalBridge Group in the 3rd quarter valued at approximately $117,000. Captrust Financial Advisors acquired a new position in DigitalBridge Group during the 2nd quarter worth approximately $109,000. Russell Investments Group Ltd. grew its stake in shares of DigitalBridge Group by 239.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock worth $118,000 after acquiring an additional 8,022 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of DigitalBridge Group by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after acquiring an additional 1,309 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

Shares of DBRG opened at $15.38 on Friday. The firm has a 50-day moving average of $15.40 and a 200-day moving average of $13.47. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $15.55. The company has a market cap of $2.81 billion, a PE ratio of 34.17 and a beta of 1.67.

DigitalBridge Group Announces Dividend

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

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of research reports. Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. B. Riley Financial downgraded shares of DigitalBridge Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. Royal Bank Of Canada cut 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 report on Tuesday, December 30th. Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Monday, December 29th. Finally, TD Cowen cut DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Company Profile

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.