DigitalBridge Group, Inc. $DBRG Position Increased by Raymond James Financial Inc.

Raymond James Financial Inc. raised its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 58.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 574,423 shares of the company’s stock after buying an additional 212,125 shares during the quarter. Raymond James Financial Inc. owned 0.33% of DigitalBridge Group worth $5,066,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in DigitalBridge Group during the fourth quarter valued at about $39,000. GAMMA Investing LLC lifted its stake in DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock valued at $39,000 after buying an additional 4,033 shares in the last quarter. Spire Wealth Management lifted its stake in DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock valued at $55,000 after buying an additional 2,960 shares in the last quarter. Finally, US Bancorp DE lifted its stake in DigitalBridge Group by 187.3% during the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after buying an additional 4,084 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of DigitalBridge Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 17th. JMP Securities reissued a “market outperform” rating and issued a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Keefe, Bruyette & Woods increased their price target on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. Finally, Truist Financial increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $16.14.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $11.27 on Friday. The firm has a market cap of $2.05 billion, a PE ratio of -281.63 and a beta of 1.63. The firm’s 50 day moving average price is $10.89 and its 200 day moving average price is $10.09. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33.

DigitalBridge Group Dividend Announcement

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

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.