Iridian Asset Management LLC CT lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 393,723 shares of the company's stock after buying an additional 28,219 shares during the period. DigitalBridge Group makes up approximately 1.1% of Iridian Asset Management LLC CT's holdings, making the stock its 26th largest holding. Iridian Asset Management LLC CT owned about 0.23% of DigitalBridge Group worth $3,473,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Sunbelt Securities Inc. increased its holdings in DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after purchasing an additional 1,464 shares during the period. Point72 Hong Kong Ltd purchased a new position in DigitalBridge Group during the 4th quarter valued at about $39,000. GAMMA Investing LLC increased its holdings in DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after purchasing an additional 4,033 shares during the period. Meeder Asset Management Inc. boosted its position 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 acquiring an additional 2,710 shares in the last quarter. Finally, Spire Wealth Management boosted its position in DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after acquiring an additional 2,960 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the company. Truist Financial lifted their price objective on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Keefe, Bruyette & Woods dropped their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. JMP Securities reissued a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Finally, Wall Street Zen raised DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, DigitalBridge Group has an average rating of "Buy" and an average price target of $15.94.
Check Out Our Latest Research Report on DigitalBridge Group
DigitalBridge Group Trading Up 5.6%
DBRG stock traded up $0.59 during midday trading on Thursday, hitting $10.99. The company's stock had a trading volume of 1,052,695 shares, compared to its average volume of 2,651,268. The company has a market cap of $1.94 billion, a PE ratio of 36.55, a P/E/G ratio of 1.18 and a beta of 1.67. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The firm's 50-day moving average is $10.37 and its 200-day moving average is $10.06.
DigitalBridge Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. DigitalBridge Group's dividend payout ratio is presently 13.33%.
DigitalBridge Group Profile
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Free Report)
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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