K2 Principal Fund L.P. purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 131,067 shares of the company’s stock, valued at approximately $2,011,000. K2 Principal Fund L.P. owned 0.07% of DigitalBridge Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of DigitalBridge Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after purchasing an additional 116,360 shares during the period. Portolan Capital Management LLC increased its holdings in shares of DigitalBridge Group by 77.4% during the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock valued at $63,978,000 after purchasing an additional 2,386,066 shares during the period. New South Capital Management Inc. increased its holdings in shares of DigitalBridge Group by 21.0% during the fourth quarter. New South Capital Management Inc. now owns 4,571,797 shares of the company’s stock valued at $70,131,000 after purchasing an additional 794,434 shares during the period. Geode Capital Management LLC increased its holdings in shares of DigitalBridge Group by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,082,778 shares of the company’s stock valued at $62,640,000 after purchasing an additional 104,773 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of DigitalBridge Group by 5.5% during the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock valued at $47,377,000 after purchasing an additional 212,361 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Truist Financial assumed coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.
DigitalBridge Group Stock Up 0.1%
NYSE:DBRG opened at $15.72 on Friday. DigitalBridge Group, Inc. has a 1-year low of $8.94 and a 1-year high of $15.74. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 32.07 and a beta of 1.48. The stock has a fifty day simple moving average of $15.62 and a 200 day simple moving average of $14.94.
DigitalBridge Group Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) 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.
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