Massachusetts Financial Services Co. MA Has $35.54 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Massachusetts Financial Services Co. MA boosted its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,029,913 shares of the company's stock after purchasing an additional 567,170 shares during the period. Massachusetts Financial Services Co. MA owned about 2.31% of DigitalBridge Group worth $35,544,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in DBRG. Sunbelt Securities Inc. raised its position in shares of 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 buying an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in DigitalBridge Group during the fourth quarter worth about $39,000. GAMMA Investing LLC boosted its stake in DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after acquiring an additional 4,033 shares in the last quarter. Spire Wealth Management raised its holdings in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after buying an additional 2,960 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after buying an additional 2,710 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Wall Street Zen lowered shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. 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 issued a strong buy rating to the company. According to MarketBeat.com, DigitalBridge Group presently has an average rating of "Moderate Buy" and a consensus price target of $15.94.

DigitalBridge Group Trading Up 0.1%

Shares of NYSE DBRG traded up $0.02 on Monday, reaching $10.78. 1,212,757 shares of the company traded hands, compared to its average volume of 2,652,489. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The company has a 50 day moving average of $10.65 and a 200 day moving average of $10.04. The stock has a market capitalization of $1.90 billion, a PE ratio of 28.32, a P/E/G ratio of 1.22 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.37%. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.

DigitalBridge Group 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.