317,345 Shares in DigitalBridge Group, Inc. $DBRG Bought by Atom Investors LP

Atom Investors LP bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 317,345 shares of the company’s stock, valued at approximately $4,868,000. Atom Investors LP owned 0.17% of DigitalBridge Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in DigitalBridge Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after purchasing an additional 116,360 shares during the period. Portolan Capital Management LLC lifted its position in DigitalBridge Group by 77.4% in the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after purchasing an additional 2,386,066 shares during the period. New South Capital Management Inc. lifted its position in DigitalBridge Group by 21.0% in the fourth quarter. New South Capital Management Inc. now owns 4,571,797 shares of the company’s stock worth $70,131,000 after purchasing an additional 794,434 shares during the period. Geode Capital Management LLC lifted its position in DigitalBridge Group by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,082,778 shares of the company’s stock worth $62,640,000 after purchasing an additional 104,773 shares during the period. Finally, Invesco Ltd. lifted its position in DigitalBridge Group by 5.5% in the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock worth $47,377,000 after purchasing an additional 212,361 shares during the period. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $15.70 on Wednesday. The stock has a fifty day moving average price of $15.63 and a two-hundred day moving average price of $15.07. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.77. The firm has a market capitalization of $2.86 billion, a P/E ratio of 32.03 and a beta of 1.48.

DigitalBridge Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on DBRG. Truist Financial began coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price for the company. Weiss Ratings reaffirmed 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 given a Sell rating to the company. Based on data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Hold” and an average price target 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.