BNP Paribas Financial Markets Buys Shares of 69,788 DigitalBridge Group, Inc. (NYSE:DBRG)

BNP Paribas Financial Markets purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 69,788 shares of the company's stock, valued at approximately $787,000.

A number of other institutional investors have also recently added to or reduced their stakes in DBRG. Barclays PLC raised its position in shares of DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after purchasing an additional 210,533 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of DigitalBridge Group in the fourth quarter worth $201,000. Blue Trust Inc. raised its holdings in DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after acquiring an additional 6,153 shares in the last quarter. KBC Group NV boosted its stake in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in DigitalBridge Group by 26.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,392,199 shares of the company's stock valued at $15,704,000 after acquiring an additional 293,317 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

DBRG has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. JMP Securities restated a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a research note on Friday, May 16th. Keefe, Bruyette & Woods decreased their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Finally, Truist Financial lowered their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Price Performance

Shares of NYSE DBRG traded up $0.28 during mid-day trading on Tuesday, hitting $11.46. The company had a trading volume of 3,054,581 shares, compared to its average volume of 2,579,078. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 382.00, a PEG ratio of 3.46 and a beta of 1.58. The firm's 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $10.46.

DigitalBridge Group Dividend Announcement

The business also recently announced 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's payout ratio is 13.33%.

About DigitalBridge Group

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.