Sarasin & Partners LLP Trims Stock Position in DigitalBridge Group, Inc. $DBRG

Sarasin & Partners LLP lessened its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 30.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,143 shares of the company’s stock after selling 48,660 shares during the period. Sarasin & Partners LLP owned about 0.06% of DigitalBridge Group worth $1,705,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DBRG. Vanguard Group Inc. increased its holdings in DigitalBridge Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 17,235,457 shares of the company’s stock worth $201,655,000 after purchasing an additional 158,479 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of DigitalBridge Group by 29.8% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock worth $58,678,000 after buying an additional 1,302,150 shares in the last quarter. Portolan Capital Management LLC increased its stake in shares of DigitalBridge Group by 77.4% during the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock valued at $63,978,000 after buying an additional 2,386,066 shares during the period. Invesco Ltd. increased its stake in shares of DigitalBridge Group by 5.5% during the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock valued at $47,377,000 after buying an additional 212,361 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of DigitalBridge Group by 5.5% during the second quarter. Geode Capital Management LLC now owns 3,908,311 shares of the company’s stock valued at $40,456,000 after buying an additional 204,770 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $15.36 on Friday. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $15.55. The business has a fifty day moving average price of $15.40 and a 200-day moving average price of $13.32. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 34.12 and a beta of 1.67.

DigitalBridge Group Announces Dividend

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

Analyst Upgrades and Downgrades

DBRG has been the subject of a number of research reports. TD Cowen lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Tuesday, December 30th. Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Tuesday, December 30th. Raymond James Financial cut shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, B. Riley Financial lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $16.00 in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group 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.