690,496 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 690,496 shares of the company's stock, valued at approximately $9,757,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.40% of DigitalBridge Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBRG. nVerses Capital LLC boosted its holdings in DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock worth $30,000 after acquiring an additional 1,900 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in DigitalBridge Group during the third quarter worth about $34,000. Central Pacific Bank Trust Division purchased a new position in DigitalBridge Group during the third quarter worth about $35,000. Blue Trust Inc. increased its stake in DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock valued at $51,000 after buying an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in DigitalBridge Group by 33,627.3% in the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock valued at $102,000 after buying an additional 7,398 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DBRG. JPMorgan Chase & Co. upped their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. 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. Wells Fargo & Company reduced their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Finally, Truist Financial lowered their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $18.13.

DigitalBridge Group Stock Performance

NYSE DBRG traded up $0.04 during trading on Friday, hitting $13.10. 1,121,274 shares of the company's stock traded hands, compared to its average volume of 2,378,009. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 8.20 and a beta of 1.94. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The business has a 50 day moving average of $14.17 and a 200-day moving average of $13.52.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's payout ratio is currently 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.