CIBRA Capital Ltd Purchases New Shares in DigitalBridge Group, Inc. $DBRG

CIBRA Capital Ltd acquired a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 130,800 shares of the company’s stock, valued at approximately $2,006,000. DigitalBridge Group comprises about 3.4% of CIBRA Capital Ltd’s portfolio, making the stock its 13th biggest position. CIBRA Capital Ltd owned approximately 0.07% of DigitalBridge Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of DigitalBridge Group during the second quarter worth $1,868,000. Azora Capital LP acquired a new stake in DigitalBridge Group in the second quarter worth about $23,579,000. Gateway Wealth Partners LLC acquired a new stake in DigitalBridge Group in the third quarter worth about $5,483,000. Sarasin & Partners LLP bought a new stake in DigitalBridge Group during the 3rd quarter worth about $1,886,000. Finally, Aberdeen Group plc bought a new stake in DigitalBridge Group during the 3rd quarter worth about $3,220,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $15.38 on Friday. The firm’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $13.47. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $15.55. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 34.17 and a beta of 1.67.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s payout ratio is presently 8.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DBRG shares. Royal Bank Of Canada lowered shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. Keefe, Bruyette & Woods increased their price objective on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Tuesday, December 30th. Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. Finally, B. Riley Financial downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $16.00 in a research note on Tuesday, December 30th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.00.

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.