Fmr LLC Decreases Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Fmr LLC lowered its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,384,371 shares of the company’s stock after selling 230,433 shares during the period. Fmr LLC owned 0.79% of DigitalBridge Group worth $19,561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DBRG. nVerses Capital LLC grew its position in DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the period. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group during the third quarter valued at $34,000. Central Pacific Bank Trust Division acquired a new stake in DigitalBridge Group during the third quarter valued at $35,000. Blue Trust Inc. grew its position in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after buying an additional 2,408 shares during the period. Finally, Headlands Technologies LLC grew its position in DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after buying an additional 7,398 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 1.0 %

Shares of DBRG opened at $12.50 on Wednesday. The firm has a market cap of $2.18 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 14.43 and a beta of 1.89. The company’s 50 day simple moving average is $13.98 and its 200-day simple moving average is $13.48. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

Analyst Ratings Changes

Several analysts recently commented on DBRG shares. JPMorgan Chase & Co. boosted their price target on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Truist Financial reduced their target price on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Raymond James reduced their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.13.

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.