CenterBook Partners LP Takes Position in DigitalBridge Group, Inc. $DBRG

CenterBook Partners LP acquired a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,683 shares of the company’s stock, valued at approximately $570,000.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DigitalBridge Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock worth $834,000 after purchasing an additional 4,122 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in DigitalBridge Group by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after buying an additional 693,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DigitalBridge Group by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock worth $3,458,000 after buying an additional 21,930 shares in the last quarter. CWM LLC raised its position in DigitalBridge Group by 420.5% in the 2nd quarter. CWM LLC now owns 30,484 shares of the company’s stock worth $316,000 after buying an additional 24,627 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in DigitalBridge Group during the 2nd quarter valued at about $377,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DBRG. Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. TD Cowen cut DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Tuesday, December 30th. B. Riley Financial downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Tuesday, December 30th. Finally, Citizens Jmp cut shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Trading Down 0.0%

DigitalBridge Group stock opened at $15.41 on Friday. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $15.55. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 256.79 and a beta of 1.70. The firm has a 50 day moving average of $14.99 and a 200 day moving average of $12.72.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.