DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.77 and last traded at $15.6960, with a volume of 2087146 shares. The stock had previously closed at $15.72.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Truist Financial assumed coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.00.
View Our Latest Research Report on DigitalBridge Group
DigitalBridge Group Price Performance
DigitalBridge Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s payout ratio is currently 8.16%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in DigitalBridge Group by 70.4% in the first quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $29,000 after acquiring an additional 781 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of DigitalBridge Group by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after purchasing an additional 1,100 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of DigitalBridge Group by 4.4% during the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company’s stock valued at $444,000 after purchasing an additional 1,214 shares in the last quarter. Cerity Partners LLC grew its stake in shares of DigitalBridge Group by 2.5% in the 4th quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock worth $814,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,309 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
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.
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