Ninety One UK Ltd Makes New $1.70 Million Investment in DigitalBridge Group, Inc. $DBRG

Key Points

• Ninety One UK Ltd has made a new investment of approximately $1.70 million in DigitalBridge Group, acquiring about 164,670 shares during the second quarter.
• Several hedge funds, including Fulton Bank and GAMMA Investing LLC, have significantly increased their holdings in DigitalBridge Group, indicating growing institutional interest.
• DigitalBridge Group recently announced a quarterly dividend of $0.01 per share, with a dividend yield of 0.3%, and an upcoming payment date of October 15th.

Ninety One UK Ltd purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 164,670 shares of the company's stock, valued at approximately $1,704,000. Ninety One UK Ltd owned about 0.09% of DigitalBridge Group at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fulton Bank N.A. grew its position in shares of DigitalBridge Group by 5.2% during the first quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock worth $310,000 after purchasing an additional 1,752 shares in the last quarter. Spire Wealth Management boosted its stake in DigitalBridge Group by 91.1% in the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after purchasing an additional 2,960 shares during the period. GAMMA Investing LLC grew its holdings in DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after buying an additional 4,033 shares in the last quarter. US Bancorp DE grew its holdings in DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after buying an additional 4,084 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DigitalBridge Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company's stock valued at $834,000 after buying an additional 4,122 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

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

DigitalBridge Group Stock Up 1.8%

DigitalBridge Group stock opened at $11.91 on Thursday. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $17.33. The firm's fifty day moving average is $11.34 and its 200 day moving average is $10.25. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -297.63 and a beta of 1.66.

DigitalBridge Group Announces Dividend

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

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.

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