Azora Capital LP Invests $7.30 Million in DigitalBridge Group, Inc. (NYSE:DBRG)

Azora Capital LP purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 516,874 shares of the company's stock, valued at approximately $7,303,000. Azora Capital LP owned 0.30% of DigitalBridge Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of DigitalBridge Group by 4.1% during the second quarter. Victory Capital Management Inc. now owns 22,165 shares of the company's stock valued at $304,000 after buying an additional 870 shares during the period. Arizona State Retirement System increased its stake in shares of DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company's stock valued at $627,000 after purchasing an additional 872 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of DigitalBridge Group by 3.2% during the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company's stock valued at $401,000 after purchasing an additional 878 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company's stock valued at $973,000 after purchasing an additional 942 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

DigitalBridge Group Trading Up 1.4 %

DBRG stock traded up $0.18 on Monday, hitting $13.28. The company had a trading volume of 2,056,254 shares, compared to its average volume of 2,373,481. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The stock's 50-day simple moving average is $14.17 and its 200 day simple moving average is $13.51. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 8.23 and a beta of 1.94.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.30%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio is currently 5.48%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company decreased their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $18.13.

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.