DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. grew its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 23.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 768,441 shares of the company's stock after acquiring an additional 147,100 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.44% of DigitalBridge Group worth $6,778,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DBRG. Sunbelt Securities Inc. lifted its holdings in shares of DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after buying an additional 1,464 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at $39,000. GAMMA Investing LLC lifted its holdings in shares of DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after buying an additional 4,033 shares during the period. Spire Wealth Management lifted its holdings in shares of DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after buying an additional 2,960 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DBRG. Wall Street Zen upgraded DigitalBridge Group from a "sell" rating to a "hold" rating in a report on Friday. JMP Securities restated a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Finally, Truist Financial upped their price objective on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $16.28.

DigitalBridge Group Stock Up 0.8%

Shares of NYSE DBRG opened at $10.28 on Friday. 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 $1.81 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 1.16 and a beta of 1.72. The business has a fifty day simple moving average of $10.02 and a 200-day simple moving average of $10.14.

DigitalBridge Group Announces Dividend

The business 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. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio is 13.33%.

About DigitalBridge Group

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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