DigitalBridge Group, Inc. $DBRG Shares Bought by Azora Capital LP

Azora Capital LP grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 62.6% during the third quarter, HoldingsChannel.com reports. The fund owned 3,703,734 shares of the company’s stock after purchasing an additional 1,425,583 shares during the quarter. DigitalBridge Group makes up about 2.0% of Azora Capital LP’s portfolio, making the stock its 18th biggest holding. Azora Capital LP’s holdings in DigitalBridge Group were worth $43,334,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in DigitalBridge Group during the 3rd quarter worth $84,000. Captrust Financial Advisors purchased a new position in DigitalBridge Group in the second quarter valued at about $109,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of DigitalBridge Group during the second quarter worth about $113,000. NEOS Investment Management LLC acquired a new position in shares of DigitalBridge Group during the third quarter worth about $117,000. Finally, Russell Investments Group Ltd. boosted its position in shares of DigitalBridge Group by 239.4% in the second quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock worth $118,000 after buying an additional 8,022 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. B. Riley Financial cut DigitalBridge Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.00 to $16.00 in a report on Tuesday, December 30th. Royal Bank Of Canada downgraded shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $23.00 to $16.00 in a research report on Tuesday, December 30th. Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Finally, TD Cowen cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $15.38 on Friday. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 34.17 and a beta of 1.67. The stock’s 50-day simple moving average is $15.40 and its 200-day simple moving average is $13.18.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s payout ratio is currently 8.89%.

DigitalBridge Group Company Profile

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.