Shares of DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.66 and last traded at $15.6450, with a volume of 2231236 shares. The stock had previously closed at $15.63.
Analyst Upgrades and Downgrades
Several research analysts have commented on DBRG shares. Raymond James Financial downgraded shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. Truist Financial started coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective for the company. Finally, Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Hold” and a consensus price target of $16.00.
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DigitalBridge Group Stock Performance
DigitalBridge Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued 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 8.16%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DBRG. Steward Partners Investment Advisory LLC lifted its holdings in shares of DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after acquiring an additional 1,326 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of DigitalBridge Group by 70.4% in the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $29,000 after acquiring an additional 781 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of DigitalBridge Group in the 4th quarter valued at about $31,000. Beaird Harris Wealth Management LLC bought a new position in shares of DigitalBridge Group in the 4th quarter valued at about $31,000. Finally, Quarry LP lifted its holdings in shares of DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after acquiring an additional 1,922 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
About DigitalBridge Group
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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