747,168 Shares in DigitalBridge Group, Inc. $DBRG Purchased by Nuveen LLC

Nuveen LLC acquired a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 747,168 shares of the company’s stock, valued at approximately $6,590,000. Nuveen LLC owned approximately 0.43% of DigitalBridge Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DBRG. Sunbelt Securities Inc. grew its holdings in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after buying an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in DigitalBridge Group in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock valued at $39,000 after purchasing an additional 4,033 shares in the last quarter. Spire Wealth Management grew its stake in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock valued at $55,000 after purchasing an additional 2,960 shares in the last quarter. Finally, US Bancorp DE grew its stake in DigitalBridge Group by 187.3% in the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after purchasing an additional 4,084 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Trading Up 3.9%

Shares of NYSE DBRG opened at $11.3980 on Monday. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The stock has a 50 day moving average of $10.68 and a 200-day moving average of $10.03. The company has a market capitalization of $2.08 billion, a P/E ratio of -284.95 and a beta of 1.77.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. DigitalBridge Group’s payout ratio is currently -100.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded DigitalBridge Group from a “hold” rating to a “sell” rating in a research note on Sunday, August 17th. Keefe, Bruyette & Woods raised their price target on DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. JMP Securities restated a “market outperform” rating and issued a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Finally, Truist Financial raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $16.14.

DigitalBridge Group Company 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.