DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Barclays PLC

Barclays PLC increased its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 364.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 268,326 shares of the company's stock after purchasing an additional 210,533 shares during the quarter. Barclays PLC owned approximately 0.15% of DigitalBridge Group worth $3,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of DigitalBridge Group by 12.0% in the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock worth $62,603,000 after acquiring an additional 474,101 shares during the last quarter. Quadrature Capital Ltd bought a new stake in DigitalBridge Group during the 3rd quarter valued at about $224,000. Portolan Capital Management LLC purchased a new position in DigitalBridge Group in the third quarter worth about $3,310,000. Potrero Capital Research LLC purchased a new stake in shares of DigitalBridge Group during the third quarter valued at approximately $20,201,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in DigitalBridge Group in the 3rd quarter worth approximately $1,178,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DBRG. JPMorgan Chase & Co. lifted their target price on DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods cut shares of 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. Truist Financial reduced their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, Raymond James cut 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 report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $17.88.

DigitalBridge Group Trading Down 2.4 %

Shares of NYSE DBRG traded down $0.26 during trading hours on Monday, reaching $10.79. The stock had a trading volume of 2,614,900 shares, compared to its average volume of 2,359,444. DigitalBridge Group, Inc. has a 52-week low of $10.60 and a 52-week high of $20.99. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 13.76 and a beta of 1.89. The business's fifty day moving average price is $13.49 and its two-hundred day moving average price is $13.40.

DigitalBridge Group Announces Dividend

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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio is presently 5.48%.

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.