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

Massachusetts Financial Services Co. MA raised its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,029,913 shares of the company's stock after acquiring 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 SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its holdings in shares of DigitalBridge Group by 417.0% in the 1st quarter. Edgestream Partners L.P. now owns 119,231 shares of the company's stock worth $1,052,000 after buying an additional 96,169 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of DigitalBridge Group by 30.5% in the 1st quarter. New York State Common Retirement Fund now owns 570,643 shares of the company's stock worth $5,033,000 after buying an additional 133,530 shares in the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of DigitalBridge Group by 7.7% in the 1st quarter. Iridian Asset Management LLC CT now owns 393,723 shares of the company's stock worth $3,473,000 after buying an additional 28,219 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of DigitalBridge Group in the 1st quarter worth approximately $569,000. Finally, Brown Advisory Inc. raised its holdings in shares of DigitalBridge Group by 0.9% in the 1st quarter. Brown Advisory Inc. now owns 3,692,895 shares of the company's stock worth $32,571,000 after buying an additional 33,960 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Price Performance

Shares of DBRG stock traded down $0.14 during trading hours on Friday, reaching $10.78. The company had a trading volume of 1,724,542 shares, compared to its average volume of 2,651,795. The company has a 50 day moving average of $10.61 and a 200 day moving average of $10.06. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 1.24 and a beta of 1.67. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.

DigitalBridge Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. JMP Securities restated a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Wall Street Zen lowered DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, Keefe, Bruyette & Woods decreased 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group presently has an average rating of "Moderate Buy" and a consensus target price of $15.94.

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.