Brown Advisory Inc. Purchases 33,960 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Brown Advisory Inc. raised its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,692,895 shares of the company's stock after acquiring an additional 33,960 shares during the quarter. Brown Advisory Inc. owned about 2.12% of DigitalBridge Group worth $32,571,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DBRG. Covestor Ltd lifted its stake in shares of DigitalBridge Group by 9.8% in the 4th quarter. Covestor Ltd now owns 11,752 shares of the company's stock valued at $133,000 after purchasing an additional 1,049 shares during the period. Summit Investment Advisors Inc. increased its holdings in DigitalBridge Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock worth $188,000 after purchasing an additional 1,056 shares in the last quarter. Xponance Inc. lifted its stake in DigitalBridge Group by 12.7% in the fourth quarter. Xponance Inc. now owns 11,725 shares of the company's stock valued at $132,000 after buying an additional 1,321 shares during the period. Sunbelt Securities Inc. lifted its stake 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 buying an additional 1,464 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in shares of DigitalBridge Group by 5.2% during the 1st quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock worth $310,000 after buying an additional 1,752 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on DBRG. Truist Financial lifted their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Keefe, Bruyette & Woods dropped 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 report on Tuesday, May 6th. Finally, Wall Street Zen raised shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $15.94.

DigitalBridge Group Stock Down 0.1%

DBRG traded down $0.01 during trading on Friday, hitting $10.84. 1,942,574 shares of the company's stock were exchanged, compared to its average volume of 2,659,516. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The stock 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 business's 50 day moving average is $10.45 and its two-hundred day moving average is $10.06.

DigitalBridge Group Dividend Announcement

The firm 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 $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.37%. DigitalBridge Group's payout ratio is 13.33%.

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.