Vanguard Group Inc. Grows Stake in DigitalBridge Group, Inc. $DBRG

Vanguard Group Inc. raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 17,351,817 shares of the company’s stock after buying an additional 116,360 shares during the period. Vanguard Group Inc. owned about 0.09% of DigitalBridge Group worth $266,177,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of DigitalBridge Group by 28.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,745 shares of the company’s stock worth $1,009,000 after acquiring an additional 14,490 shares during the last quarter. CWM LLC boosted its position in shares of DigitalBridge Group by 6.1% during the fourth quarter. CWM LLC now owns 33,149 shares of the company’s stock valued at $509,000 after buying an additional 1,910 shares during the last quarter. Choreo LLC boosted its position in shares of DigitalBridge Group by 9.7% during the fourth quarter. Choreo LLC now owns 34,157 shares of the company’s stock valued at $522,000 after buying an additional 3,024 shares during the last quarter. Madrona Financial Services LLC purchased a new stake in shares of DigitalBridge Group during the fourth quarter valued at $261,000. Finally, Washburn Capital Management Inc. purchased a new stake in shares of DigitalBridge Group during the fourth quarter valued at $319,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DBRG has been the topic of several recent analyst reports. Weiss Ratings raised DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, Truist Financial initiated coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They issued 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Stock Down 0.0%

NYSE DBRG opened at $15.64 on Friday. The stock’s 50-day moving average price is $15.48 and its 200-day moving average price is $14.14. DigitalBridge Group, Inc. has a 52 week low of $8.61 and a 52 week high of $15.65. The company has a market capitalization of $2.85 billion, a P/E ratio of 31.91 and a beta of 1.49.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is 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.