Nuveen LLC Invests $6.59 Million in DigitalBridge Group, Inc. $DBRG

Key Points

• Nuveen LLC has acquired 747,168 shares of DigitalBridge Group, Inc. (NYSE:DBRG), valued at approximately $6.59 million, representing about 0.43% of the company’s total shares.
• DigitalBridge Group recently announced a quarterly dividend of $0.01 per share, with an ex-dividend date of September 30th and a payout ratio of -100.00%.
• The stock has seen interest from several hedge funds, with 92.69% of its shares currently held by institutional investors, indicating strong institutional confidence.

Nuveen LLC acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 747,168 shares of the company's stock, valued at approximately $6,590,000. Nuveen LLC owned approximately 0.43% of DigitalBridge Group as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its position in DigitalBridge Group by 109.9% in 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 in the last quarter. Fulton Bank N.A. raised its position in shares of DigitalBridge Group by 5.2% in the 1st quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock valued at $310,000 after purchasing an additional 1,752 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of DigitalBridge Group by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,398 shares of the company's stock valued at $1,257,000 after purchasing an additional 2,841 shares in the last quarter. Spire Wealth Management raised its position in shares of DigitalBridge Group by 91.1% in the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Mariner LLC raised its position in shares of DigitalBridge Group by 26.5% in the 4th quarter. Mariner LLC now owns 16,272 shares of the company's stock valued at $184,000 after purchasing an additional 3,409 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded down $0.17 during midday trading on Thursday, hitting $11.28. The company's stock had a trading volume of 2,031,767 shares, compared to its average volume of 2,622,227. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The firm's fifty day moving average price is $10.75 and its 200-day moving average price is $10.05. The firm has a market cap of $2.05 billion, a P/E ratio of -281.88 and a beta of 1.77.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. DigitalBridge Group's dividend payout ratio is presently -100.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DBRG shares. Wall Street Zen lowered DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. Keefe, Bruyette & Woods upped their target price on DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Truist Financial upped their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $16.14.

DigitalBridge Group 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.