Nordea Investment Management AB lessened its position in DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) by 75.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,731 shares of the company's stock after selling 701,202 shares during the quarter. Nordea Investment Management AB owned approximately 0.14% of DigitalBridge Group worth $2,945,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DBRG. Lindbrook Capital LLC lifted its holdings in shares of DigitalBridge Group by 137.4% in the second quarter. Lindbrook Capital LLC now owns 5,036 shares of the company's stock valued at $25,000 after purchasing an additional 2,915 shares in the last quarter. Mackenzie Financial Corp grew its stake in DigitalBridge Group by 11.3% during the 1st quarter. Mackenzie Financial Corp now owns 30,220 shares of the company's stock valued at $218,000 after acquiring an additional 3,076 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of DigitalBridge Group by 1.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 163,162 shares of the company's stock valued at $796,000 after purchasing an additional 3,081 shares during the period. Ellis Investment Partners LLC lifted its position in shares of DigitalBridge Group by 3.3% in the second quarter. Ellis Investment Partners LLC now owns 103,697 shares of the company's stock worth $506,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of DigitalBridge Group by 3.0% during the first quarter. Gamco Investors INC. ET AL now owns 116,586 shares of the company's stock worth $839,000 after purchasing an additional 3,361 shares during the period. Institutional investors and hedge funds own 88.52% of the company's stock.
Get DigitalBridge Group alerts:DigitalBridge Group Trading Down 1.7 %
DigitalBridge Group stock opened at $10.94 on Friday. DigitalBridge Group, Inc. has a one year low of $10.39 and a one year high of $34.20. The company's fifty day moving average price is $13.08 and its two-hundred day moving average price is $16.31. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -4.16 and a beta of 1.84. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.57 and a quick ratio of 0.57.
DigitalBridge Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Saturday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.04 annualized dividend and a yield of 0.37%. DigitalBridge Group's dividend payout ratio (DPR) is currently -1.52%.Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. B. Riley cut their target price on shares of DigitalBridge Group from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, September 19th. Raymond James reduced their price objective on DigitalBridge Group from $38.00 to $34.00 and set a "strong-buy" rating for the company in a research report on Monday, November 7th. Cowen dropped their target price on DigitalBridge Group from $33.00 to $27.00 in a research report on Monday, November 7th. Finally, Cowen reduced their price target on DigitalBridge Group from $33.00 to $27.00 in a report on Monday, November 7th.
DigitalBridge Group Company Profile
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DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.
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