Moody National Bank Trust Division Boosts Stock Holdings in DigitalBridge Group, Inc. $DBRG

Key Points

• Moody National Bank Trust Division increased its ownership of DigitalBridge Group, Inc. by 77% in the second quarter, acquiring an additional 43,901 shares, bringing its total holdings to 100,885 shares valued at approximately $1,044,000.
• Analysts have recently upgraded DigitalBridge Group, with a consensus target price of $16.14, reflecting a generally positive outlook on the stock, which is rated as "Buy" by the majority of analysts.
• DigitalBridge Group will pay a quarterly dividend of $0.01 on October 15th, representing an annual yield of 0.3%, despite having a current dividend payout ratio of -100%.

Moody National Bank Trust Division grew its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 77.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,885 shares of the company's stock after acquiring an additional 43,901 shares during the period. Moody National Bank Trust Division owned about 0.06% of DigitalBridge Group worth $1,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of DigitalBridge Group by 231.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,925 shares of the company's stock valued at $370,000 after buying an additional 24,388 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of DigitalBridge Group during the 2nd quarter worth about $140,000. Strs Ohio bought a new position in shares of DigitalBridge Group during the 1st quarter worth about $262,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in DigitalBridge Group by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company's stock valued at $3,458,000 after acquiring an additional 21,930 shares during the period. Finally, Clearline Capital LP increased its stake in DigitalBridge Group by 189.8% in the first quarter. Clearline Capital LP now owns 2,286,782 shares of the company's stock valued at $20,169,000 after acquiring an additional 1,497,664 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Up 1.8%

DBRG stock traded up $0.22 during midday trading on Monday, reaching $12.26. 1,235,207 shares of the company's stock traded hands, compared to its average volume of 2,561,324. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -306.13 and a beta of 1.63. The firm's fifty day moving average price is $11.16 and its 200-day moving average price is $10.12. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 30th. DigitalBridge Group's payout ratio is currently -100.00%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Truist Financial upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $16.14.

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.