PDT Partners LLC Acquires New Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

PDT Partners LLC acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 243,930 shares of the company’s stock, valued at approximately $3,447,000.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of DigitalBridge Group by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after acquiring an additional 870 shares during the period. Arizona State Retirement System increased its stake in shares of DigitalBridge Group by 1.9% in the second quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock worth $627,000 after purchasing an additional 872 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of DigitalBridge Group by 3.2% during the 3rd quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock valued at $401,000 after buying an additional 878 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in 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 period. Finally, nVerses Capital LLC grew its stake in DigitalBridge Group by 633.3% in the 2nd 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 in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

DigitalBridge Group Price Performance

Shares of DBRG opened at $13.10 on Friday. DigitalBridge Group, Inc. has a 1-year low of $11.07 and a 1-year high of $20.99. The company has a market capitalization of $2.28 billion, a P/E ratio of 17.95, a P/E/G ratio of 8.20 and a beta of 1.94. The firm’s 50 day simple moving average is $14.20 and its 200 day simple moving average is $13.53.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

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.