DigitalBridge Group, Inc. (NYSE:DBRG) Position Lifted by Atria Investments Inc

Atria Investments Inc raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 27.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,569 shares of the company’s stock after acquiring an additional 2,913 shares during the quarter. Atria Investments Inc’s holdings in DigitalBridge Group were worth $192,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of DigitalBridge Group by 4.1% in the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after buying an additional 870 shares during the last quarter. Arizona State Retirement System lifted its position in shares of DigitalBridge Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock worth $627,000 after buying an additional 872 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of DigitalBridge Group by 3.2% in the 3rd quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock worth $401,000 after buying an additional 878 shares during the last quarter. King Luther Capital Management Corp lifted its position in shares of DigitalBridge Group by 1.3% in the 2nd quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock worth $973,000 after buying an additional 942 shares during the last quarter. Finally, nVerses Capital LLC lifted its position in shares of DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DBRG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Raymond James dropped their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company dropped their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Buy” and a consensus target price of $18.13.

DigitalBridge Group Trading Up 3.0 %

DigitalBridge Group stock opened at $12.33 on Monday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.11 and a beta of 1.94. The company’s 50-day moving average price is $14.30 and its two-hundred day moving average price is $13.56. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

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.