ArrowMark Colorado Holdings LLC Buys 205,000 Shares of DigitalBridge Group, Inc. $DBRG

ArrowMark Colorado Holdings LLC grew its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 912,121 shares of the company’s stock after purchasing an additional 205,000 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.50% of DigitalBridge Group worth $10,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBRG. CWM LLC increased its holdings in shares of DigitalBridge Group by 2.5% during the third quarter. CWM LLC now owns 31,239 shares of the company’s stock valued at $365,000 after acquiring an additional 755 shares in the last quarter. Stoneridge Investment Partners LLC lifted its holdings in shares of DigitalBridge Group by 7.9% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock worth $166,000 after purchasing an additional 1,037 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of DigitalBridge Group by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock worth $610,000 after purchasing an additional 1,244 shares in the last quarter. Envestnet Asset Management Inc. grew its position in DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after purchasing an additional 1,309 shares during the period. Finally, Tidal Investments LLC increased its stake in DigitalBridge Group by 1.8% during the 2nd quarter. Tidal Investments LLC now owns 114,559 shares of the company’s stock valued at $1,186,000 after purchasing an additional 1,986 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DBRG opened at $15.38 on Monday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 34.17 and a beta of 1.67. The firm’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $13.20. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.89%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DBRG. Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Monday, December 29th. Raymond James Financial downgraded shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. B. Riley Financial lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $16.00 in a report on Tuesday, December 30th. TD Cowen cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Tuesday, December 30th. Finally, Keefe, Bruyette & Woods lifted their price target on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.