UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.18 Million Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 370,164 shares of the company's stock after acquiring an additional 55,607 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of DigitalBridge Group worth $4,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in shares of DigitalBridge Group during the fourth quarter worth about $37,000. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group during the 4th quarter valued at approximately $39,000. Manchester Capital Management LLC raised its holdings in DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after purchasing an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after purchasing an additional 2,710 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after purchasing an additional 2,750 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DBRG shares. JMP Securities reiterated a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a research report on Friday, May 16th. Truist Financial increased their price target on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Wells Fargo & Company lifted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods cut their target price 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. Finally, Wall Street Zen cut DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, DigitalBridge Group has an average rating of "Moderate Buy" and an average target price of $16.28.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded up $0.03 during mid-day trading on Friday, reaching $10.90. The stock had a trading volume of 2,368,291 shares, compared to its average volume of 2,583,353. The firm has a market capitalization of $1.92 billion, a PE ratio of 363.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.72. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The stock's 50-day simple moving average is $9.22 and its 200-day simple moving average is $10.37.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. DigitalBridge Group's dividend payout ratio (DPR) is presently 13.33%.

About DigitalBridge Group

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.