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

CenterBook Partners LP lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 276.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,428 shares of the company’s stock after buying an additional 134,745 shares during the period. CenterBook Partners LP owned approximately 0.10% of DigitalBridge Group worth $2,814,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Handelsbanken Fonder AB increased its holdings in shares of DigitalBridge Group by 3.0% in the fourth quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock worth $575,000 after buying an additional 1,100 shares during the period. Arizona State Retirement System increased its holdings in shares of DigitalBridge Group by 2.4% in the third quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock worth $610,000 after buying an additional 1,244 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after buying an additional 1,309 shares during the period. CWM LLC increased its holdings in shares of DigitalBridge Group by 6.1% in the fourth quarter. CWM LLC now owns 33,149 shares of the company’s stock worth $509,000 after buying an additional 1,910 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of DigitalBridge Group by 1.8% in the second quarter. Tidal Investments LLC now owns 114,559 shares of the company’s stock worth $1,186,000 after buying an additional 1,986 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.67 on Tuesday. The stock has a market capitalization of $2.86 billion, a PE ratio of 31.97 and a beta of 1.48. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.72. The business’s 50-day moving average is $15.60 and its 200 day moving average is $14.80.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.16%.

Wall Street Analyst Weigh In

DBRG has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial initiated coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price on the stock. One investment 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 stock presently has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Company 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.