41,114 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 41,114 shares of the company's stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in DigitalBridge Group in the 2nd quarter valued at $39,033,000. New South Capital Management Inc. lifted its position in DigitalBridge Group by 40.1% during the 2nd quarter. New South Capital Management Inc. now owns 3,929,762 shares of the company's stock worth $53,838,000 after acquiring an additional 1,125,549 shares in the last quarter. Wafra Inc. boosted its holdings in DigitalBridge Group by 7.1% in the 2nd quarter. Wafra Inc. now owns 15,455,808 shares of the company's stock worth $211,745,000 after acquiring an additional 1,020,409 shares during the period. Dimensional Fund Advisors LP boosted its holdings in DigitalBridge Group by 54.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company's stock worth $36,797,000 after acquiring an additional 952,408 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of DigitalBridge Group by 125.4% during the second quarter. Point72 Asset Management L.P. now owns 1,629,197 shares of the company's stock valued at $22,320,000 after purchasing an additional 906,297 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DBRG shares. 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. Raymond James cut their price target 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. Deutsche Bank Aktiengesellschaft lowered their price objective on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Finally, Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, DigitalBridge Group has a consensus rating of "Buy" and a consensus target price of $18.13.

DigitalBridge Group Stock Up 1.5 %

Shares of NYSE:DBRG traded up $0.19 on Monday, reaching $13.29. 2,056,279 shares of the company's stock were exchanged, compared to its average volume of 2,376,622. The business's 50-day moving average is $14.17 and its two-hundred day moving average is $13.51. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 8.23 and a beta of 1.94.

DigitalBridge Group Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. DigitalBridge Group's dividend payout ratio is currently 5.48%.

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.