DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. reduced its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,996,685 shares of the company's stock after selling 58,547 shares during the period. DigitalBridge Group accounts for about 1.7% of New South Capital Management Inc.'s portfolio, making the stock its 25th largest position. New South Capital Management Inc. owned approximately 2.29% of DigitalBridge Group worth $35,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in shares of DigitalBridge Group by 109.9% during 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group during the 4th quarter worth about $39,000. GAMMA Investing LLC lifted its position in DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after acquiring an additional 4,033 shares during the period. Meeder Asset Management Inc. grew its stake in DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Spire Wealth Management increased 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 purchasing an additional 2,960 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a research note on Friday, May 16th. Truist Financial boosted their target price on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods reduced their price objective on 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. Finally, Wall Street Zen raised shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $15.94.

DigitalBridge Group Stock Down 0.8%

DBRG stock traded down $0.08 during mid-day trading on Friday, hitting $10.56. 1,562,591 shares of the company were exchanged, compared to its average volume of 2,655,951. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The firm has a market capitalization of $1.86 billion, a P/E ratio of 35.20, a PEG ratio of 1.21 and a beta of 1.67. The business has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $10.09.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. DigitalBridge Group's payout ratio is currently 13.33%.

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.