DigitalBridge Group, Inc. $DBRG Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group cut its stake in DigitalBridge (NYSE: DBRG) by 36.3% in Q4, selling 102,880 shares and leaving it with 180,352 shares worth about $2.77 million (≈0.10% of the company).
• Analysts are mostly cautious—one Buy, seven Hold and one Sell—resulting in an average rating of "Hold" and an average price target of $16.00 after several recent downgrades.
• DigitalBridge declared a quarterly dividend of $0.01 (annualized $0.04), implying a yield of about 0.3%, payable April 15 to holders of record March 31.

Aberdeen Group plc cut its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 180,352 shares of the company's stock after selling 102,880 shares during the quarter. Aberdeen Group plc owned 0.10% of DigitalBridge Group worth $2,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of DigitalBridge Group in the second quarter worth $1,868,000. Gateway Wealth Partners LLC purchased a new stake in shares of DigitalBridge Group in the third quarter valued at $5,483,000. Sarasin & Partners LLP purchased a new stake in shares of DigitalBridge Group in the third quarter valued at $1,886,000. Nordea Investment Management AB grew its position in shares of DigitalBridge Group by 24.1% in the third quarter. Nordea Investment Management AB now owns 332,414 shares of the company's stock valued at $3,849,000 after purchasing an additional 64,474 shares during the period. Finally, DAVENPORT & Co LLC grew its position in shares of DigitalBridge Group by 15.4% in the third quarter. DAVENPORT & Co LLC now owns 1,500,110 shares of the company's stock valued at $17,701,000 after purchasing an additional 200,110 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DBRG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on DigitalBridge Group from $13.50 to $16.00 and gave the company a "market perform" rating in a research report on Tuesday, December 30th. B. Riley Financial downgraded DigitalBridge Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. TD Cowen downgraded DigitalBridge Group from a "buy" rating to a "hold" rating and set a $16.00 price objective for the company. in a research report on Tuesday, December 30th. Raymond James Financial downgraded DigitalBridge Group from a "strong-buy" rating to an "underperform" rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings raised DigitalBridge Group from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of "Hold" and an average price target of $16.00.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $15.58 on Friday. DigitalBridge Group, Inc. has a 1-year low of $7.09 and a 1-year high of $15.58. The business has a 50-day moving average of $15.41 and a 200-day moving average of $13.68. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 34.61 and a beta of 1.61.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group's payout ratio is 8.89%.

About DigitalBridge Group

DigitalBridge Group, Inc NYSE: DBRG is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

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