US Bancorp DE Boosts Stock Position in DigitalBridge Group, Inc. $DBRG

US Bancorp DE grew its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 187.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,265 shares of the company’s stock after acquiring an additional 4,084 shares during the quarter. US Bancorp DE’s holdings in DigitalBridge Group were worth $55,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in DigitalBridge Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company’s stock worth $188,000 after buying an additional 1,056 shares in the last quarter. Sunbelt Securities Inc. raised its position in DigitalBridge Group by 109.9% in the fourth 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 period. Fulton Bank N.A. lifted its position in DigitalBridge Group by 5.2% during the first quarter. Fulton Bank N.A. now owns 35,194 shares of the company’s stock valued at $310,000 after purchasing an additional 1,752 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of DigitalBridge Group by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,398 shares of the company’s stock valued at $1,257,000 after buying an additional 2,841 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock valued at $55,000 after acquiring an additional 2,960 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 0.7%

Shares of NYSE:DBRG opened at $11.14 on Tuesday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -278.38 and a beta of 1.77. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The firm has a 50 day moving average of $10.63 and a 200 day moving average of $10.02.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. DigitalBridge Group’s dividend payout ratio (DPR) is presently -100.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on DBRG. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Truist Financial boosted their target price on DigitalBridge Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Wall Street Zen lowered shares of DigitalBridge Group from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Keefe, Bruyette & Woods raised their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

DigitalBridge Group Profile

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.