MetLife Investment Management LLC Has $768,000 Stock Position in DigitalBridge Group, Inc. $DBRG

MetLife Investment Management LLC trimmed its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,102 shares of the company’s stock after selling 8,568 shares during the period. MetLife Investment Management LLC’s holdings in DigitalBridge Group were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DBRG. Price T Rowe Associates Inc. MD increased its position in DigitalBridge Group by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,398 shares of the company’s stock worth $1,257,000 after purchasing an additional 2,841 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DigitalBridge Group by 1.8% during the 4th quarter. Northern Trust Corp now owns 1,522,539 shares of the company’s stock worth $17,174,000 after acquiring an additional 26,930 shares in the last quarter. Algert Global LLC bought a new stake in shares of DigitalBridge Group during the 4th quarter worth about $1,009,000. Ameriprise Financial Inc. boosted its stake in shares of DigitalBridge Group by 17.7% during the 4th quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company’s stock worth $7,469,000 after acquiring an additional 99,520 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of DigitalBridge Group during the 4th quarter worth about $787,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DBRG. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research note on Friday. Truist Financial upped their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Keefe, Bruyette & Woods upped their price target on DigitalBridge Group from $10.50 to $11.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $16.14.

DigitalBridge Group Trading Down 0.5%

Shares of DBRG stock opened at $11.23 on Friday. The stock has a 50 day moving average of $10.91 and a two-hundred day moving average of $10.09. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The company has a market capitalization of $2.04 billion, a P/E ratio of -280.63 and a beta of 1.63.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis 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 currently -100.00%.

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.