Deutsche Bank AG Purchases 44,623 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Deutsche Bank AG increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 48.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,794 shares of the company's stock after acquiring an additional 44,623 shares during the quarter. Deutsche Bank AG owned about 0.08% of DigitalBridge Group worth $1,543,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Barclays PLC lifted its stake in DigitalBridge Group by 364.3% in the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after buying an additional 210,533 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in DigitalBridge Group in the fourth quarter valued at about $201,000. Blue Trust Inc. lifted its stake 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 buying an additional 6,153 shares during the period. KBC Group NV lifted its stake in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in DigitalBridge Group by 26.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,392,199 shares of the company's stock valued at $15,704,000 after buying an additional 293,317 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Stock Up 2.5%

Shares of NYSE:DBRG traded up $0.28 during mid-day trading on Tuesday, reaching $11.46. 3,054,581 shares of the stock were exchanged, compared to its average volume of 2,579,077. The company has a market cap of $2.02 billion, a P/E ratio of 382.00, a P/E/G ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The stock's 50 day simple moving average is $8.88 and its 200-day simple moving average is $10.45.

DigitalBridge Group Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. DigitalBridge Group's payout ratio is presently 13.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Truist Financial cut their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, DigitalBridge Group has an average rating of "Buy" and a consensus target price of $16.06.

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.