Pacer Advisors Inc. Has $3.91 Million Stock Position in DigitalBridge Group, Inc. $DBRG

Pacer Advisors Inc. reduced its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 71.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,805 shares of the company’s stock after selling 652,057 shares during the period. Pacer Advisors Inc.’s holdings in DigitalBridge Group were worth $3,909,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DBRG. Beaird Harris Wealth Management LLC acquired a new position in DigitalBridge Group in the fourth quarter valued at about $31,000. Virtu Financial LLC acquired a new position in shares of DigitalBridge Group during the 4th quarter worth about $324,000. Corient Private Wealth LLC increased its stake in shares of DigitalBridge Group by 29.8% in the 4th quarter. Corient Private Wealth LLC now owns 17,517 shares of the company’s stock valued at $268,000 after acquiring an additional 4,018 shares during the last quarter. XTX Topco Ltd increased its stake in shares of DigitalBridge Group by 281.8% in the 4th quarter. XTX Topco Ltd now owns 68,346 shares of the company’s stock valued at $1,048,000 after acquiring an additional 50,443 shares during the last quarter. Finally, one8zero8 LLC raised its position in shares of DigitalBridge Group by 47.5% in the 4th quarter. one8zero8 LLC now owns 23,300 shares of the company’s stock valued at $357,000 after acquiring an additional 7,500 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $15.76 on Tuesday. The business’s 50-day simple moving average is $15.65 and its 200-day simple moving average is $15.24. DigitalBridge Group, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $15.79. The stock has a market capitalization of $2.87 billion, a PE ratio of 32.15 and a beta of 1.48.

DigitalBridge Group Dividend Announcement

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 paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s payout ratio is presently 8.16%.

Analyst Ratings Changes

DBRG has been the topic of several recent analyst reports. Truist Financial initiated coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.00.

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.