DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in DigitalBridge Group, Inc. (NYSE:DBRGGet Rating) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,340,100 shares of the company’s stock after buying an additional 125,900 shares during the period. Swiss National Bank owned approximately 0.24% of DigitalBridge Group worth $6,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DBRG. Cohen & Steers Inc. raised its stake in shares of DigitalBridge Group by 37.7% in the 1st quarter. Cohen & Steers Inc. now owns 18,908,648 shares of the company’s stock worth $136,142,000 after buying an additional 5,178,180 shares in the last quarter. State Street Corp raised its stake in shares of DigitalBridge Group by 18.6% in the 1st quarter. State Street Corp now owns 20,337,683 shares of the company’s stock worth $146,431,000 after buying an additional 3,184,920 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of DigitalBridge Group in the 2nd quarter worth $9,273,000. Vanguard Group Inc. raised its stake in shares of DigitalBridge Group by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,983,124 shares of the company’s stock worth $539,879,000 after buying an additional 1,666,885 shares in the last quarter. Finally, Ranger Global Real Estate Advisors LLC raised its stake in shares of DigitalBridge Group by 22.4% in the 1st quarter. Ranger Global Real Estate Advisors LLC now owns 8,069,861 shares of the company’s stock worth $58,103,000 after buying an additional 1,478,094 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DBRG. Cowen cut their target price on DigitalBridge Group from $33.00 to $27.00 in a research report on Monday, November 7th. B. Riley cut their target price on DigitalBridge Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, September 19th. Cowen cut their target price on DigitalBridge Group from $33.00 to $27.00 in a research report on Monday, November 7th. Finally, Raymond James lowered their price target on DigitalBridge Group from $38.00 to $34.00 and set a “strong-buy” rating on the stock in a report on Monday, November 7th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.83.

DigitalBridge Group Stock Performance

Shares of DBRG stock opened at $14.85 on Thursday. DigitalBridge Group, Inc. has a 1-year low of $11.22 and a 1-year high of $34.20. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -5.65 and a beta of 1.82. The stock’s fifty day simple moving average is $13.61 and its 200-day simple moving average is $18.29.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. DigitalBridge Group’s dividend payout ratio (DPR) is currently -1.52%.

Insider Buying and Selling at DigitalBridge Group

In related news, CEO Marc C. Ganzi purchased 32,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average price of $15.22 per share, for a total transaction of $487,040.00. Following the purchase, the chief executive officer now owns 386,423 shares in the company, valued at approximately $5,881,358.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other DigitalBridge Group news, CEO Marc C. Ganzi acquired 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average price of $15.22 per share, with a total value of $487,040.00. Following the transaction, the chief executive officer now owns 386,423 shares of the company’s stock, valued at $5,881,358.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Liam Stewart purchased 3,300 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was purchased at an average cost of $15.26 per share, with a total value of $50,358.00. Following the acquisition, the chief operating officer now owns 114,812 shares in the company, valued at $1,752,031.12. The disclosure for this purchase can be found here. Corporate insiders own 3.66% of the company’s stock.

About DigitalBridge Group

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DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.

See Also

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Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

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