Alberta Investment Management Corp Takes $7.18 Million Position in DigitalBridge Group, Inc. $DBRG

Alberta Investment Management Corp purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 468,200 shares of the company’s stock, valued at approximately $7,182,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after acquiring an additional 1,326 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of DigitalBridge Group during the 4th quarter worth approximately $31,000. Quarry LP increased its holdings in DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in DigitalBridge Group in the fourth quarter valued at approximately $43,000. Finally, Tema Etfs LLC purchased a new stake in DigitalBridge Group in the fourth quarter valued at approximately $50,000. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Down 0.2%

Shares of NYSE:DBRG opened at $15.70 on Wednesday. DigitalBridge Group, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $15.77. The firm’s 50 day moving average price is $15.63 and its 200 day moving average price is $15.07. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 32.03 and a beta of 1.48.

DigitalBridge Group Announces Dividend

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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is 8.16%.

Analyst Ratings Changes

Several research firms have recently commented on DBRG. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. Truist Financial started coverage on DigitalBridge Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.00.

About DigitalBridge Group

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.