2,203,909 Shares in DigitalBridge Group, Inc. $DBRG Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,203,909 shares of the company’s stock, valued at approximately $33,808,000. Magnetar Financial LLC owned about 1.21% of DigitalBridge Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DBRG. Steward Partners Investment Advisory LLC raised its stake in DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after acquiring an additional 1,326 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in DigitalBridge Group in the 4th quarter worth $31,000. Quarry LP raised its stake in DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock worth $31,000 after acquiring an additional 1,922 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DigitalBridge Group in the 4th quarter worth $43,000. Finally, Tema Etfs LLC purchased a new position in DigitalBridge Group in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial assumed coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $15.70 on Wednesday. The business’s 50-day moving average is $15.63 and its two-hundred day moving average is $15.07. The company has a market capitalization of $2.86 billion, a P/E ratio of 32.03 and a beta of 1.48. DigitalBridge Group, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $15.77.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio (DPR) is currently 8.16%.

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.