DigitalBridge Group, Inc. $DBRG Stock Holdings Trimmed by DAVENPORT & Co LLC

Key Points

• DAVENPORT & Co LLC cut its stake in DigitalBridge by 52.1% in Q4 and now holds 718,943 shares (about 0.39% of the company) worth roughly $10.99 million, while institutional investors own about 92.69% of the stock.
• Analysts' consensus is a Hold with an average target price of $16.00 after several downgrades (one Buy, seven Holds, one Sell).
• Shares trade near $15.38 (1‑year range $6.41–$15.55) with a market cap of $2.81B and a P/E of 34.17, and the company announced a quarterly dividend of $0.01 (annualized $0.04, 0.3% yield) with ex‑dividend on Mar 31 and payment on Apr 15.

DAVENPORT & Co LLC lowered its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 52.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 718,943 shares of the company's stock after selling 781,167 shares during the quarter. DAVENPORT & Co LLC owned about 0.39% of DigitalBridge Group worth $10,985,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in DigitalBridge Group during the second quarter worth $1,868,000. Azora Capital LP bought a new stake in DigitalBridge Group during the second quarter valued at $23,579,000. Gateway Wealth Partners LLC bought a new stake in DigitalBridge Group during the third quarter valued at $5,483,000. Sarasin & Partners LLP acquired a new stake in shares of DigitalBridge Group during the third quarter worth $1,886,000. Finally, Aberdeen Group plc acquired a new stake in shares of DigitalBridge Group during the third quarter worth $3,220,000. Institutional investors own 92.69% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DBRG. Citizens Jmp downgraded shares of DigitalBridge Group from a "market outperform" rating to a "hold" rating and set a $16.00 price target on the stock. in a research report on Monday, December 29th. Weiss Ratings upgraded shares of DigitalBridge Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods raised their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a "market perform" rating in a report on Tuesday, December 30th. Royal Bank Of Canada downgraded DigitalBridge Group from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. Finally, Raymond James Financial lowered DigitalBridge Group from a "strong-buy" rating to an "underperform" rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $16.00.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $15.38 on Thursday. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55. The firm has a fifty day moving average of $15.40 and a 200-day moving average of $13.41. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 34.17 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

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

DigitalBridge Group Profile

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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