Invesco Ltd. Has $31.32 Million Position in DigitalBridge Group, Inc. $DBRG

Key Points

• Invesco Ltd. increased its stake in DigitalBridge Group, Inc. by 7.2%, now owning approximately 3.55 million shares valued at $31.3 million.
• DigitalBridge Group declared a quarterly dividend of $0.01 to be paid on October 15th, representing an annual yield of 0.4%.
• The stock has seen a 52-week range between $6.41 and $17.33, currently trading near $11.11.

Invesco Ltd. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,551,228 shares of the company's stock after purchasing an additional 237,503 shares during the period. Invesco Ltd. owned about 2.04% of DigitalBridge Group worth $31,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DBRG. Envestnet Asset Management Inc. lifted its stake in shares of DigitalBridge Group by 273.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 42,188 shares of the company's stock valued at $476,000 after acquiring an additional 30,877 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of DigitalBridge Group by 133.3% in the 4th quarter. Cerity Partners LLC now owns 46,813 shares of the company's stock valued at $548,000 after acquiring an additional 26,745 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of DigitalBridge Group by 22.1% in the 4th quarter. Renaissance Technologies LLC now owns 351,776 shares of the company's stock valued at $3,968,000 after acquiring an additional 63,600 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of DigitalBridge Group in the 4th quarter valued at $4,087,000. Finally, Summit Investment Advisors Inc. lifted its stake in shares of DigitalBridge Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock valued at $188,000 after acquiring an additional 1,056 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Price Performance

NYSE DBRG traded up $0.0660 on Monday, reaching $11.4760. The company had a trading volume of 198,609 shares, compared to its average volume of 2,626,869. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -286.90 and a beta of 1.77. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The business has a 50 day moving average of $10.68 and a two-hundred day moving average of $10.03.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, September 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently -100.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DBRG. Wall Street Zen cut DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 17th. Truist Financial increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Finally, Keefe, Bruyette & Woods increased their price objective on DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $16.14.

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.