209,895 Shares in DigitalBridge Group, Inc. $DBRG Bought by Purpose Unlimited Inc.

Purpose Unlimited Inc. purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 209,895 shares of the company’s stock, valued at approximately $3,220,000. Purpose Unlimited Inc. owned about 0.11% of DigitalBridge Group at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in shares of DigitalBridge Group in the 4th quarter valued at about $18,366,000. Rockefeller Capital Management L.P. grew its stake in DigitalBridge Group by 23.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 438,598 shares of the company’s stock worth $6,728,000 after buying an additional 83,786 shares during the last quarter. Corient Private Wealth LLC grew its stake in DigitalBridge Group by 52.1% during the 4th quarter. Corient Private Wealth LLC now owns 20,527 shares of the company’s stock worth $314,000 after buying an additional 7,028 shares during the last quarter. Sentinel Dome Partners LLC acquired a new position in DigitalBridge Group during the fourth quarter worth approximately $2,372,000. Finally, Ovata Capital Management Ltd acquired a new position in DigitalBridge Group during the fourth quarter worth approximately $1,558,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.76 on Friday. The company has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $15.16. DigitalBridge Group, Inc. has a one year low of $8.94 and a one year high of $15.77. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 32.15 and a beta of 1.48.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given 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 8.16%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DBRG. Truist Financial assumed coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

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.