CenterBook Partners LP Purchases 134,745 Shares of DigitalBridge Group, Inc. $DBRG

CenterBook Partners LP raised its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 276.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 183,428 shares of the company’s stock after acquiring an additional 134,745 shares during the period. CenterBook Partners LP’s holdings in DigitalBridge Group were worth $2,814,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new stake in DigitalBridge Group during the 4th quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in DigitalBridge Group during the 4th quarter valued at approximately $43,000. Tema Etfs LLC bought a new stake in DigitalBridge Group during the 4th quarter valued at approximately $50,000. NEOS Investment Management LLC bought a new stake in DigitalBridge Group during the 3rd quarter valued at approximately $117,000. Finally, Captrust Financial Advisors bought a new stake in DigitalBridge Group during the 2nd quarter valued at approximately $109,000. 92.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

DigitalBridge Group Stock Up 0.0%

Shares of DBRG opened at $15.67 on Tuesday. The business’s 50 day moving average price is $15.60 and its 200-day moving average price is $14.80. DigitalBridge Group, Inc. has a 52 week low of $8.94 and a 52 week high of $15.72. The stock has a market cap of $2.86 billion, a P/E ratio of 31.97 and a beta of 1.48.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, June 30th. DigitalBridge Group’s payout ratio is presently 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.