Vident Advisory LLC Purchases 29,815 Shares of DigitalBridge Group, Inc. $DBRG

Key Points

• Vident Advisory LLC increased its holdings in DigitalBridge Group by 10.8% in Q1, now owning approximately $2.7 million worth of stock.
• Several institutional investors have significantly increased their stakes in DigitalBridge Group, with Lazard Asset Management raising its shareholding by 384.5% in Q4.
• DigitalBridge Group announced a quarterly $0.01 dividend to shareholders, reflecting an annualized yield of 0.4% despite a dividend payout ratio of -100%.

Vident Advisory LLC grew its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 10.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 305,652 shares of the company's stock after purchasing an additional 29,815 shares during the period. Vident Advisory LLC owned about 0.18% of DigitalBridge Group worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Frontier Capital Management Co. LLC boosted its stake in shares of 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 purchasing an additional 1,218,901 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of DigitalBridge Group by 16.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,029,913 shares of the company's stock valued at $35,544,000 after purchasing an additional 567,170 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of DigitalBridge Group by 0.9% in the 1st quarter. Brown Advisory Inc. now owns 3,692,895 shares of the company's stock valued at $32,571,000 after purchasing an additional 33,960 shares in the last quarter. Invesco Ltd. boosted its stake in shares of DigitalBridge Group by 7.2% in the 1st quarter. Invesco Ltd. now owns 3,551,228 shares of the company's stock valued at $31,322,000 after purchasing an additional 237,503 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 2,656,100 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Down 0.0%

DigitalBridge Group stock traded down $0.01 during mid-day trading on Thursday, hitting $11.27. 1,250,499 shares of the stock were exchanged, compared to its average volume of 2,596,712. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The firm's fifty day simple moving average is $10.87 and its two-hundred day simple moving average is $10.08. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -281.63 and a beta of 1.63.

DigitalBridge Group Announces Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.4%. DigitalBridge Group's dividend payout ratio (DPR) is presently -100.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DBRG. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Truist Financial raised their price objective 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. Wall Street Zen lowered shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus 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.