Tidal Investments LLC Has $1.41 Million Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Tidal Investments LLC grew its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 22.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,995 shares of the company’s stock after purchasing an additional 18,536 shares during the period. Tidal Investments LLC’s holdings in DigitalBridge Group were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC increased its holdings in 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 purchasing an additional 1,900 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the third quarter valued at approximately $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group in the 3rd quarter valued at approximately $35,000. Blue Trust Inc. boosted its position in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after buying an additional 2,408 shares during the period. Finally, Headlands Technologies LLC grew its holdings in DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after acquiring an additional 7,398 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Down 5.3 %

Shares of NYSE:DBRG opened at $11.34 on Thursday. The business’s 50 day moving average is $13.66 and its 200 day moving average is $13.43. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.35%. DigitalBridge Group’s dividend payout ratio (DPR) is 5.48%.

Wall Street Analyst Weigh In

DBRG has been the subject of several analyst reports. Wells Fargo & Company dropped their price target 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. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. Truist Financial decreased their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Raymond James decreased their target price 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. 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 stock. According to MarketBeat, DigitalBridge Group has an average rating of “Buy” and an average price target of $17.88.

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.