Edgestream Partners L.P. Raises Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Edgestream Partners L.P. increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 417.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,231 shares of the company's stock after buying an additional 96,169 shares during the period. Edgestream Partners L.P. owned 0.07% of DigitalBridge Group worth $1,052,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in DigitalBridge Group by 384.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after purchasing an additional 2,656,100 shares during the last quarter. Lind Value II ApS acquired a new stake in DigitalBridge Group during the first quarter worth about $17,479,000. Brown Advisory Inc. increased its position in DigitalBridge Group by 78.2% during the fourth quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock worth $41,273,000 after purchasing an additional 1,605,391 shares during the last quarter. Balyasny Asset Management L.P. increased its position in DigitalBridge Group by 128.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock worth $25,971,000 after purchasing an additional 1,294,275 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in DigitalBridge Group by 28.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock worth $62,889,000 after buying an additional 1,218,901 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Price Performance

Shares of NYSE DBRG traded down $0.14 during midday trading on Friday, hitting $10.78. The company's stock had a trading volume of 1,724,542 shares, compared to its average volume of 2,658,271. The business's fifty day simple moving average is $10.65 and its two-hundred day simple moving average is $10.05. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.33. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Monday, June 30th. DigitalBridge Group's dividend payout ratio is presently 13.33%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research note on Friday, May 16th. Wall Street Zen lowered shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods lowered their target price on shares of 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, Truist Financial increased 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.94.

DigitalBridge Group Company 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.