1,981,777 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Purchased by Lind Value II ApS

Lind Value II ApS purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,981,777 shares of the company’s stock, valued at approximately $17,479,000. DigitalBridge Group comprises about 7.8% of Lind Value II ApS’s holdings, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after acquiring an additional 1,464 shares during the last quarter. Spire Wealth Management acquired a new stake in DigitalBridge Group in the 4th quarter valued at approximately $37,000. Point72 Hong Kong Ltd acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at $39,000. GAMMA Investing LLC grew its stake in shares of DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock valued at $39,000 after buying an additional 4,033 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

DBRG opened at $11.08 on Friday. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The company has a market cap of $1.95 billion, a P/E ratio of 369.33, a PEG ratio of 3.46 and a beta of 1.58. The business’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $10.45.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.36%. DigitalBridge Group’s dividend payout ratio is currently 13.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company increased their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods cut their price target on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $16.06.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.