DekaBank Deutsche Girozentrale Makes New $569,000 Investment in DigitalBridge Group, Inc. (NYSE:DBRG)

DekaBank Deutsche Girozentrale acquired a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 65,000 shares of the company's stock, valued at approximately $569,000.

A number of other large investors have also added to or reduced their stakes in DBRG. Sunbelt Securities Inc. increased its stake in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after acquiring an additional 1,464 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in DigitalBridge Group in the 4th quarter worth approximately $39,000. GAMMA Investing LLC increased its stake in DigitalBridge Group by 978.9% in the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after acquiring an additional 4,033 shares during the last quarter. Spire Wealth Management increased its stake in DigitalBridge Group by 91.1% in the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in DigitalBridge Group by 114.0% in the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after acquiring an additional 2,710 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial lifted their price objective on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods cut their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.94.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded up $0.04 during mid-day trading on Thursday, hitting $10.96. The company's stock had a trading volume of 2,290,217 shares, compared to its average volume of 2,657,149. The company has a 50 day moving average of $10.61 and a 200-day moving average of $10.06. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The stock has a market cap of $1.93 billion, a PE ratio of 36.52, a P/E/G ratio of 1.24 and a beta of 1.67.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.01 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.37%. DigitalBridge Group's dividend payout ratio (DPR) is 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.