1,981,777 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Bought by Lind Value II ApS

Lind Value II ApS acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,981,777 shares of the company's stock, valued at approximately $17,479,000. DigitalBridge Group accounts for approximately 7.8% of Lind Value II ApS's investment portfolio, making the stock its 4th biggest position. Lind Value II ApS owned 1.14% of DigitalBridge Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DBRG. Barclays PLC grew its holdings in DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after purchasing an additional 210,533 shares during the period. Kingswood Wealth Advisors LLC bought a new position in DigitalBridge Group in the fourth quarter valued at approximately $201,000. Blue Trust Inc. lifted its stake in DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after buying an additional 6,153 shares in the last quarter. KBC Group NV lifted its stake in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares in the last quarter. Finally, Spire Wealth Management bought a new position in DigitalBridge Group in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Truist Financial cut their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. JMP Securities reissued a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of 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. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group presently has an average rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Stock Down 0.2%

Shares of DBRG stock traded down $0.02 during trading on Friday, reaching $11.08. The company's stock had a trading volume of 2,154,203 shares, compared to its average volume of 2,570,747. The business has a fifty day moving average price of $9.03 and a 200-day moving average price of $10.43. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 369.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 0.36%. DigitalBridge Group's payout ratio is 13.33%.

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.