Centersquare Investment Management LLC Trims Stock Position in DigitalBridge Group, Inc. $DBRG

Centersquare Investment Management LLC lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 63.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,000 shares of the company’s stock after selling 88,700 shares during the period. Centersquare Investment Management LLC’s holdings in DigitalBridge Group were worth $798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $43,000. Tema Etfs LLC acquired a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $50,000. Captrust Financial Advisors acquired a new position in shares of DigitalBridge Group in the second quarter valued at approximately $109,000. Finally, NEOS Investment Management LLC acquired a new position in shares of DigitalBridge Group in the third quarter valued at approximately $117,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $15.73 on Friday. The firm has a 50 day simple moving average of $15.62 and a 200-day simple moving average of $14.94. The firm has a market cap of $2.87 billion, a PE ratio of 32.09 and a beta of 1.48. DigitalBridge Group, Inc. has a 1-year low of $8.94 and a 1-year high of $15.73.

DigitalBridge Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on DBRG. Truist Financial began coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.