Vanguard Group Inc. Sells 133,202 Shares of DigitalBridge Group, Inc. $DBRG

Vanguard Group Inc. trimmed its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,911,225 shares of the company’s stock after selling 133,202 shares during the period. Vanguard Group Inc. owned 9.69% of DigitalBridge Group worth $149,157,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew 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 in the last quarter. Point72 Hong Kong Ltd bought a new stake in DigitalBridge Group in the fourth quarter worth approximately $39,000. GAMMA Investing LLC grew its position in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock worth $39,000 after acquiring an additional 4,033 shares in the last quarter. Spire Wealth Management grew its position in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock worth $55,000 after acquiring an additional 2,960 shares in the last quarter. Finally, US Bancorp DE grew its position in DigitalBridge Group by 187.3% in the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock worth $55,000 after acquiring an additional 4,084 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DBRG has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of DigitalBridge Group from a “hold” rating to a “sell” rating in a report on Sunday. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Truist Financial upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and a consensus target price of $16.14.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $11.3010 on Thursday. The stock has a market cap of $2.06 billion, a P/E ratio of -282.53 and a beta of 1.77. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The company has a fifty day moving average price of $10.65 and a 200 day moving average price of $10.03.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. DigitalBridge Group’s dividend payout ratio is presently -100.00%.

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.