DigitalBridge Group, Inc. $DBRG Stock Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 125.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 71,628 shares of the company’s stock after purchasing an additional 39,870 shares during the period. SG Americas Securities LLC’s holdings in DigitalBridge Group were worth $1,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in DigitalBridge Group during the third quarter valued at approximately $84,000. NEOS Investment Management LLC bought a new position in DigitalBridge Group during the third quarter valued at approximately $117,000. Captrust Financial Advisors bought a new position in DigitalBridge Group during the second quarter valued at approximately $109,000. Russell Investments Group Ltd. raised its position in DigitalBridge Group by 239.4% during the second quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after acquiring an additional 8,022 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in DigitalBridge Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after acquiring an additional 1,309 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada lowered shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $23.00 to $16.00 in a research report on Tuesday, December 30th. Citizens Jmp downgraded DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Monday, December 29th. Weiss Ratings upgraded DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Truist Financial began coverage on DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price target on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Tuesday, December 30th. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Stock Up 0.7%

Shares of DBRG stock opened at $15.57 on Thursday. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $15.58. The business’s 50 day moving average is $15.41 and its two-hundred day moving average is $13.66. The company has a market cap of $2.85 billion, a PE ratio of 34.61 and a beta of 1.61.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.89%.

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.