109,042 Shares in DigitalBridge Group, Inc. $DBRG Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 109,042 shares of the company’s stock, valued at approximately $1,129,000. Campbell & CO Investment Adviser LLC owned approximately 0.06% of DigitalBridge Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of DigitalBridge Group by 3.8% in the first quarter. Northern Trust Corp now owns 1,579,691 shares of the company’s stock worth $13,933,000 after acquiring an additional 57,152 shares during the last quarter. Jump Financial LLC purchased a new position in DigitalBridge Group in the 1st quarter valued at $1,278,000. Teacher Retirement System of Texas acquired a new stake in DigitalBridge Group during the 1st quarter worth $224,000. Nuveen LLC purchased a new stake in shares of DigitalBridge Group during the first quarter worth $6,590,000. Finally, GSA Capital Partners LLP grew its holdings in shares of DigitalBridge Group by 47.2% during the first quarter. GSA Capital Partners LLP now owns 135,831 shares of the company’s stock worth $1,198,000 after buying an additional 43,561 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. TD Cowen boosted their target price on DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Keefe, Bruyette & Woods lifted their price objective on DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, B. Riley upgraded DigitalBridge Group to a “strong-buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.93.

DigitalBridge Group Stock Performance

DBRG stock opened at $10.31 on Thursday. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $14.00. The firm has a market cap of $1.88 billion, a PE ratio of -257.63 and a beta of 1.78. The firm’s 50 day moving average price is $11.92 and its 200-day moving average price is $11.04.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%.The business had revenue of $232.83 million for the quarter. Equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. DigitalBridge Group’s dividend payout ratio is presently 66.67%.

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.