Iridian Asset Management LLC CT Buys 28,219 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Iridian Asset Management LLC CT boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 393,723 shares of the company's stock after buying an additional 28,219 shares during the quarter. 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 filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in DigitalBridge Group by 384.5% in the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after acquiring an additional 2,656,100 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DigitalBridge Group by 1.8% in the 4th quarter. Northern Trust Corp now owns 1,522,539 shares of the company's stock valued at $17,174,000 after purchasing an additional 26,930 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of DigitalBridge Group by 788.8% during the 4th quarter. Point72 Asset Management L.P. now owns 1,167,459 shares of the company's stock worth $13,169,000 after buying an additional 1,036,105 shares during the period. Palisade Capital Management LP raised its position in shares of DigitalBridge Group by 30.5% during the 1st quarter. Palisade Capital Management LP now owns 1,734,855 shares of the company's stock valued at $15,301,000 after acquiring an additional 404,960 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of DigitalBridge Group by 17.7% during the 4th quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company's stock worth $7,469,000 after buying an additional 99,520 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Trading Down 0.4%

Shares of DBRG stock traded down $0.04 during trading on Wednesday, hitting $10.37. The company's stock had a trading volume of 2,123,154 shares, compared to its average volume of 2,657,297. The company has a market cap of $1.83 billion, a PE ratio of 27.40, a P/E/G ratio of 1.18 and a beta of 1.67. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The business has a fifty day moving average of $10.33 and a 200-day moving average of $10.06.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued 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 yield of 0.39%. DigitalBridge Group's payout ratio is 13.33%.

Wall Street Analyst Weigh In

DBRG has been the topic of a number of research analyst reports. 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. Wall Street Zen raised DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Truist Financial boosted their price objective 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $15.94.

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.