Deutsche Bank AG increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 48.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,794 shares of the company's stock after purchasing an additional 44,623 shares during the quarter. Deutsche Bank AG owned 0.08% of DigitalBridge Group worth $1,543,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of DBRG. Spire Wealth Management bought a new stake in DigitalBridge Group in the fourth quarter worth approximately $37,000. Manchester Capital Management LLC boosted its holdings in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after purchasing an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. raised its stake in DigitalBridge Group by 114.0% during the fourth 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 in the last quarter. KBC Group NV increased its holdings in shares of DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after buying an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after purchasing an additional 6,153 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on DBRG shares. Keefe, Bruyette & Woods dropped their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Truist Financial reduced their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group currently has a consensus rating of "Buy" and a consensus target price of $16.06.
Get Our Latest Research Report on DBRG
DigitalBridge Group Trading Down 1.2%
Shares of NYSE DBRG traded down $0.14 during midday trading on Thursday, hitting $11.08. 1,375,259 shares of the company's stock were exchanged, compared to its average volume of 2,579,408. The business's fifty day moving average price is $8.99 and its two-hundred day moving average price is $10.45. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 369.33, a PEG ratio of 3.46 and a beta of 1.58.
DigitalBridge Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 0.36%. DigitalBridge Group's payout ratio is 13.33%.
About DigitalBridge Group
(
Free Report)
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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