Universal Beteiligungs und Servicegesellschaft mbH Takes Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in DigitalBridge Group, purchasing 97,551 shares valued at approximately $860,000.
• Institutional investors and hedge funds now own 92.69% of DigitalBridge Group's stock, indicating strong institutional interest.
• Current analyst ratings reflect a consensus of "Moderate Buy" with a target price averaging $15.94, amid mixed ratings from various research firms.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 97,551 shares of the company's stock, valued at approximately $860,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of DigitalBridge Group at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Sunbelt Securities Inc. grew its position in DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after buying an additional 1,464 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in DigitalBridge Group in the fourth quarter worth approximately $39,000. GAMMA Investing LLC grew its position in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after buying an additional 4,033 shares during the last quarter. Spire Wealth Management grew its position in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after buying an additional 2,960 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its position in DigitalBridge Group by 160.0% in the first quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock worth $57,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Up 0.6%

NYSE:DBRG traded up $0.07 on Wednesday, reaching $10.50. The stock had a trading volume of 1,306,192 shares, compared to its average volume of 2,675,925. The company has a market capitalization of $1.85 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.77. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The stock has a fifty day moving average price of $10.65 and a 200-day moving average price of $10.04.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DBRG. Wall Street Zen lowered shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Truist Financial lifted their target price on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, DigitalBridge Group currently has an average rating of "Moderate Buy" and a consensus target price of $15.94.

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.