DigitalBridge Group (NYSE:DBRG) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of DigitalBridge Group (NYSE:DBRG) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Price Performance

DBRG stock opened at $15.93 on Friday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 10.34 and a beta of 1.47. DigitalBridge Group has a 52-week low of $8.94 and a 52-week high of $15.98. The company’s 50 day simple moving average is $15.86 and its 200-day simple moving average is $15.66.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 2.60%.

Institutional Trading of DigitalBridge Group

Several institutional investors have recently made changes to their positions in DBRG. Bank of America Corp DE boosted its stake in shares of DigitalBridge Group by 29.4% during the 1st quarter. Bank of America Corp DE now owns 2,574,508 shares of the company’s stock valued at $39,699,000 after buying an additional 584,205 shares during the period. Vanguard Group Inc. increased its stake in shares of DigitalBridge Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after acquiring an additional 116,360 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of DigitalBridge Group by 102.4% in the first quarter. Gabelli Funds LLC now owns 865,500 shares of the company’s stock worth $13,346,000 after acquiring an additional 437,950 shares during the last quarter. NINE MASTS CAPITAL Ltd raised its holdings in shares of DigitalBridge Group by 88.1% during the second quarter. NINE MASTS CAPITAL Ltd now owns 147,100 shares of the company’s stock worth $2,321,000 after acquiring an additional 68,909 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of DigitalBridge Group by 126,130,000.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,261,301 shares of the company’s stock worth $19,449,000 after acquiring an additional 1,261,300 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.