Jefferies Financial Group Inc. Acquires Shares of 87,050 DigitalBridge Group, Inc. $DBRG

Key Points

• Jefferies Financial Group bought a new stake of 87,050 shares of DigitalBridge (DBRG) in Q3, valued at about $1.02 million, joining other institutional buyers that contribute to 92.69% institutional ownership.
• Recent analyst activity has tilted toward caution: multiple downgrades leave DBRG with an average rating of "Hold" and an average price target of $16.00 (one Buy, seven Holds, one Sell).
• DigitalBridge announced a quarterly dividend of $0.01 (annualized $0.04, yield ~0.3%); the stock has a market cap of about $2.81 billion and a P/E of 34.17.

Jefferies Financial Group Inc. acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,050 shares of the company's stock, valued at approximately $1,018,000.

A number of other institutional investors also recently modified their holdings of DBRG. Norges Bank bought a new stake in DigitalBridge Group during the 2nd quarter valued at $1,868,000. Azora Capital LP bought a new position in shares of DigitalBridge Group in the second quarter valued at $23,579,000. Gateway Wealth Partners LLC acquired a new position in shares of DigitalBridge Group during the third quarter valued at about $5,483,000. Sarasin & Partners LLP bought a new stake in shares of DigitalBridge Group during the third quarter worth about $1,886,000. Finally, Aberdeen Group plc bought a new stake in shares of DigitalBridge Group during the third quarter worth about $3,220,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DBRG shares. Citizens Jmp lowered shares of DigitalBridge Group from a "market outperform" rating to a "hold" rating and set a $16.00 target price on the stock. in a report on Monday, December 29th. B. Riley Financial downgraded DigitalBridge Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $20.00 to $16.00 in a research note on Tuesday, December 30th. TD Cowen cut shares of DigitalBridge Group from a "buy" rating to a "hold" rating and set a $16.00 target price on the stock. in a research report on Tuesday, December 30th. Keefe, Bruyette & Woods boosted their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a "market perform" rating in a research note on Tuesday, December 30th. Finally, Raymond James Financial cut DigitalBridge Group from a "strong-buy" rating to an "underperform" rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $16.00.

DigitalBridge Group Stock Down 0.0%

NYSE DBRG opened at $15.38 on Friday. The stock's 50-day simple moving average is $15.40 and its two-hundred day simple moving average is $13.14. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $15.55. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 34.17 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group's dividend payout ratio is currently 8.89%.

DigitalBridge Group Profile

DigitalBridge Group, Inc NYSE: DBRG is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

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