Prime Capital Investment Advisors LLC Buys New Shares in DigitalBridge Group, Inc. (NYSE:DBRG)

Prime Capital Investment Advisors LLC bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,056 shares of the company’s stock, valued at approximately $156,000.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in DigitalBridge Group during the first quarter worth approximately $1,247,000. Sei Investments Co. grew its position in shares of DigitalBridge Group by 77.9% in the first quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock valued at $5,836,000 after purchasing an additional 132,638 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of DigitalBridge Group in the second quarter valued at approximately $3,234,000. Comerica Bank grew its position in shares of DigitalBridge Group by 2,778.9% in the first quarter. Comerica Bank now owns 154,279 shares of the company’s stock valued at $2,973,000 after purchasing an additional 148,920 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of DigitalBridge Group by 377.2% in the first quarter. Tidal Investments LLC now owns 58,692 shares of the company’s stock valued at $1,131,000 after purchasing an additional 46,392 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

DBRG has been the topic of several research reports. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. 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 research note on Thursday, August 15th. Raymond James cut their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Truist Financial cut their price target on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company cut their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $18.13.

DigitalBridge Group Price Performance

NYSE DBRG opened at $12.70 on Monday. The business has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $13.65. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The stock has a market capitalization of $2.21 billion, a PE ratio of 17.40, a PEG ratio of 2.23 and a beta of 1.94.

DigitalBridge Group Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 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.