Nuveen Asset Management LLC trimmed its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 887,055 shares of the company's stock after selling 57,752 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.51% of DigitalBridge Group worth $10,006,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC grew its holdings in DigitalBridge Group by 28.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock valued at $62,889,000 after buying an additional 1,218,901 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in DigitalBridge Group by 868.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after buying an additional 4,020,627 shares in the last quarter. New South Capital Management Inc. grew its holdings in DigitalBridge Group by 2.9% in the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock valued at $45,743,000 after buying an additional 115,029 shares in the last quarter. Brown Advisory Inc. grew its holdings in DigitalBridge Group by 78.2% in the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock valued at $41,273,000 after buying an additional 1,605,391 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after buying an additional 2,656,100 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
DBRG has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Truist Financial lowered their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, JMP Securities reiterated a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $16.06.
Check Out Our Latest Research Report on DigitalBridge Group
DigitalBridge Group Trading Down 1.2%
DigitalBridge Group stock traded down $0.14 during midday trading on Thursday, reaching $11.08. 1,375,259 shares of the stock traded hands, compared to its average volume of 2,579,408. The company has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $10.46. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The firm has a market cap of $1.95 billion, a PE ratio of 369.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58.
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. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.
About DigitalBridge Group
(
Free Report)
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.
Further Reading
Before you consider DigitalBridge Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DigitalBridge Group wasn't on the list.
While DigitalBridge Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
