Point72 Asia Singapore Pte. Ltd. acquired 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 Form 13F filing with the SEC. The firm acquired 42,919 shares of the company's stock, valued at approximately $606,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC increased its position in DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after acquiring an additional 1,900 shares during the period. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group in the third quarter valued at $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group during the 3rd quarter worth $35,000. Blue Trust Inc. lifted its holdings in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock worth $51,000 after buying an additional 2,408 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of 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 own 92.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on DBRG shares. Truist Financial cut their price objective on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price target on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Finally, Raymond James lowered their price objective on 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $18.13.
Read Our Latest Analysis on DBRG
DigitalBridge Group Price Performance
Shares of DBRG traded down $0.15 during trading hours on Tuesday, hitting $13.13. The stock had a trading volume of 1,497,417 shares, compared to its average volume of 2,372,848. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The firm has a market capitalization of $2.29 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 14.92 and a beta of 1.89. The firm has a 50 day simple moving average of $14.14 and a 200-day simple moving average of $13.50.
DigitalBridge Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group's payout ratio is 5.48%.
About DigitalBridge Group
(
Free Report)
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.
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