DigitalBridge Group, Inc. $DBRG Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,450 shares of the company’s stock after selling 12,505 shares during the period. Rhumbline Advisers owned about 0.14% of DigitalBridge Group worth $2,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its holdings in shares of DigitalBridge Group by 109.9% in the 4th 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 during the period. Fulton Bank N.A. raised its holdings in shares of 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 acquiring an additional 1,752 shares during the period. Spire Wealth Management increased its stake in DigitalBridge Group by 91.1% in the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DigitalBridge Group by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,434 shares of the company’s stock valued at $1,020,000 after buying an additional 3,429 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in shares of DigitalBridge Group by 160.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $57,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. 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. Truist Financial increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two investment 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 stock. According to data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $16.14.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $11.79 on Thursday. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The firm’s 50 day moving average price is $11.11 and its two-hundred day moving average price is $10.11. The firm has a market cap of $2.15 billion, a P/E ratio of -294.75 and a beta of 1.63.

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 issued a $0.01 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is -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.