Atria Investments Inc Has $192,000 Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Atria Investments Inc grew its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 27.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,569 shares of the company’s stock after buying 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in DBRG. nVerses Capital LLC boosted its holdings in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after purchasing an additional 1,900 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of DigitalBridge Group during the third quarter worth approximately $35,000. Blue Trust Inc. boosted its holdings in shares of DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares during the period. Headlands Technologies LLC boosted its holdings in shares of DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after purchasing an additional 7,398 shares during the period. Finally, Xponance Inc. acquired a new stake in shares of DigitalBridge Group during the second quarter worth approximately $138,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DBRG. Raymond James decreased their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target 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. 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 note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, 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 note on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and an average target price of $18.13.

DigitalBridge Group Stock Up 3.0 %

NYSE:DBRG opened at $12.33 on Monday. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.11 and a beta of 1.94. The company’s 50 day moving average is $14.30 and its 200-day moving average is $13.56.

DigitalBridge Group Announces Dividend

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

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.