Magnetar Financial LLC bought a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,203,909 shares of the company’s stock, valued at approximately $33,808,000.
Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in shares of DigitalBridge Group by 305.5% during 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 period. Atlantic Union Bankshares Corp acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $31,000. Quarry LP grew its position in shares of DigitalBridge Group by 1,467.2% during 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 period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $43,000. Finally, Tema Etfs LLC acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $50,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DBRG has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. Truist Financial initiated coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price on the stock. One investment 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.
DigitalBridge Group Trading Down 0.2%
DBRG stock opened at $15.70 on Wednesday. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.77. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 32.03 and a beta of 1.48. The business’s 50-day moving average is $15.63 and its 200 day moving average is $15.07.
DigitalBridge Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, June 30th. DigitalBridge Group’s payout ratio is presently 8.16%.
DigitalBridge Group 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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