UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 101.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 314,557 shares of the company's stock after acquiring an additional 158,790 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of DigitalBridge Group worth $4,445,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DBRG. Victory Capital Management Inc. lifted its position in shares of DigitalBridge Group by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company's stock valued at $304,000 after acquiring an additional 870 shares during the period. Arizona State Retirement System grew its stake in DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company's stock worth $627,000 after buying an additional 872 shares in the last quarter. Fulton Bank N.A. increased its holdings in DigitalBridge Group by 3.2% in the 3rd quarter. Fulton Bank N.A. now owns 28,372 shares of the company's stock valued at $401,000 after buying an additional 878 shares during the period. King Luther Capital Management Corp raised its position in shares of DigitalBridge Group by 1.3% in the 2nd quarter. King Luther Capital Management Corp now owns 71,038 shares of the company's stock valued at $973,000 after buying an additional 942 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Stock Performance

NYSE:DBRG traded down $0.28 during trading on Thursday, reaching $12.38. The company's stock had a trading volume of 1,342,907 shares, compared to its average volume of 2,351,815. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 14.43 and a beta of 1.89. The firm has a 50 day moving average of $13.94 and a 200-day moving average of $13.48.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio is currently 5.48%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial dropped their price target on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. 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 note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. 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 company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $17.88.

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.