Cambridge Investment Research Advisors Inc. Sells 36,643 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Cambridge Investment Research Advisors Inc. cut its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 29.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,921 shares of the company’s stock after selling 36,643 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in DigitalBridge Group were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after acquiring an additional 1,464 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of DigitalBridge Group in the 4th quarter worth approximately $39,000. GAMMA Investing LLC lifted its holdings in shares of DigitalBridge Group by 978.9% in the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock worth $39,000 after acquiring an additional 4,033 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 114.0% in the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of DigitalBridge Group by 160.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $57,000 after acquiring an additional 4,000 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Down 0.8%

Shares of NYSE DBRG opened at $10.56 on Monday. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The firm’s fifty day moving average is $10.25 and its 200 day moving average is $10.06. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 1.20 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Monday, June 30th. DigitalBridge Group’s payout ratio is 13.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Keefe, Bruyette & Woods lowered their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $15.94.

About DigitalBridge Group

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.