Brown Advisory Inc. Boosts Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Brown Advisory Inc. raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,692,895 shares of the company's stock after purchasing an additional 33,960 shares during the quarter. Brown Advisory Inc. owned about 2.12% of DigitalBridge Group worth $32,571,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. LB Partners LLC increased its stake in DigitalBridge Group by 34.0% during the 1st quarter. LB Partners LLC now owns 335,000 shares of the company's stock valued at $2,941,000 after purchasing an additional 85,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in DigitalBridge Group by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 786,318 shares of the company's stock valued at $6,935,000 after purchasing an additional 10,131 shares in the last quarter. Palisade Capital Management LP increased its stake in DigitalBridge Group by 30.5% during the 1st quarter. Palisade Capital Management LP now owns 1,734,855 shares of the company's stock valued at $15,301,000 after purchasing an additional 404,960 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in DigitalBridge Group during the 1st quarter valued at approximately $224,000. Finally, Peregrine Capital Management LLC increased its stake in DigitalBridge Group by 23.6% during the 1st quarter. Peregrine Capital Management LLC now owns 622,116 shares of the company's stock valued at $5,487,000 after purchasing an additional 118,974 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a research note on Friday, May 16th. Truist Financial increased their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen lowered shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, DigitalBridge Group presently has an average rating of "Moderate Buy" and a consensus price target of $15.94.

DigitalBridge Group Price Performance

DBRG stock traded down $0.01 during midday trading on Friday, hitting $10.84. 1,942,574 shares of the stock traded hands, compared to its average volume of 2,663,593. The firm has a market cap of $1.91 billion, a P/E ratio of 36.13, a PEG ratio of 1.23 and a beta of 1.67. The stock's fifty day simple moving average is $10.45 and its 200-day simple moving average is $10.06. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.37%. DigitalBridge Group's dividend payout ratio is presently 13.33%.

DigitalBridge Group Company 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.