DekaBank Deutsche Girozentrale Acquires Shares of 65,000 DigitalBridge Group, Inc. (NYSE:DBRG)

DekaBank Deutsche Girozentrale acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,000 shares of the company's stock, valued at approximately $569,000.

Several other institutional investors have also added to or reduced their stakes in DBRG. Sunbelt Securities Inc. lifted its holdings in shares of DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of DigitalBridge Group in the fourth quarter worth about $39,000. GAMMA Investing LLC lifted its holdings in shares of DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after buying an additional 4,033 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after buying an additional 2,960 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after buying an additional 2,710 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on DBRG. Truist Financial upped their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Saturday. Keefe, Bruyette & Woods dropped their target price 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, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price target 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.94.

DigitalBridge Group Stock Performance

NYSE DBRG opened at $10.84 on Monday. The stock has a 50 day moving average price of $10.45 and a 200-day moving average price of $10.05. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The company has a market capitalization of $1.91 billion, a P/E ratio of 36.13, a P/E/G ratio of 1.23 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.01 per share. 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 presently 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.

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