William Blair Investment Management LLC trimmed its stake in DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,865,445 shares of the company’s stock after selling 633,469 shares during the period. William Blair Investment Management LLC’s holdings in DigitalBridge Group were worth $28,616,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new position in DigitalBridge Group in the fourth quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of DigitalBridge Group in the fourth quarter worth approximately $43,000. Tema Etfs LLC bought a new stake in shares of DigitalBridge Group in the fourth quarter worth approximately $50,000. Captrust Financial Advisors bought a new stake in shares of DigitalBridge Group in the second quarter worth approximately $109,000. Finally, NEOS Investment Management LLC bought a new stake in shares of DigitalBridge Group in the third quarter worth approximately $117,000. 92.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.00.
DigitalBridge Group Stock Down 0.1%
DBRG stock opened at $15.70 on Monday. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.72. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 32.03 and a beta of 1.49. The firm’s fifty day simple moving average is $15.53 and its two-hundred day simple moving average is $14.39.
DigitalBridge Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is presently 8.16%.
DigitalBridge Group Company Profile
DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.
Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.
Featured Articles
- Five stocks we like better than DigitalBridge Group
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding DBRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalBridge Group, Inc. (NYSE:DBRG – Free Report).
Receive News & Ratings for DigitalBridge Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalBridge Group and related companies with MarketBeat.com's FREE daily email newsletter.
