Barclays PLC Acquires 210,533 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Barclays PLC raised its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 364.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 268,326 shares of the company’s stock after purchasing an additional 210,533 shares during the quarter. Barclays PLC’s holdings in DigitalBridge Group were worth $3,792,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DBRG. nVerses Capital LLC raised its holdings in shares of DigitalBridge Group by 633.3% in 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 last quarter. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group in the 3rd quarter valued at about $34,000. Central Pacific Bank Trust Division bought a new position in shares of DigitalBridge Group in the third quarter worth about $35,000. Blue Trust Inc. raised its stake in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake 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 valued at $102,000 after purchasing an additional 7,398 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $11.05 on Monday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 13.76 and a beta of 1.89. The company’s 50 day simple moving average is $13.49 and its 200 day simple moving average is $13.40. DigitalBridge Group, Inc. has a fifty-two week low of $10.99 and a fifty-two week high of $20.99.

DigitalBridge Group Dividend Announcement

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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is 5.48%.

Analyst Ratings Changes

Several research analysts recently weighed in on DBRG shares. Raymond James dropped their price objective 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. Wells Fargo & Company decreased their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on 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 lowered 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. Finally, Truist Financial dropped their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.88.

DigitalBridge Group Company 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.