Sanctuary Advisors LLC Purchases 20,486 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Sanctuary Advisors LLC raised its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 10.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 219,342 shares of the company’s stock after acquiring an additional 20,486 shares during the period. Sanctuary Advisors LLC owned about 0.13% of DigitalBridge Group worth $3,099,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DBRG. nVerses Capital LLC raised its stake in shares of DigitalBridge Group by 633.3% during 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. bought a new stake in shares of DigitalBridge Group during the 3rd quarter worth approximately $34,000. Central Pacific Bank Trust Division bought a new stake in shares of DigitalBridge Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 2,408 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of 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 purchasing an additional 7,398 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

NYSE DBRG opened at $11.98 on Wednesday. The business has a 50 day simple moving average of $13.73 and a 200 day simple moving average of $13.44. DigitalBridge Group, Inc. has a one year low of $11.07 and a one year high of $20.99. The stock has a market capitalization of $2.09 billion, a P/E ratio of 16.40, a P/E/G ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Dividend Announcement

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 dividend on an annualized basis and a yield of 0.33%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DBRG shares. JPMorgan Chase & Co. upped 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. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Wells Fargo & Company decreased their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Raymond James decreased their target price on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. Finally, Truist Financial decreased their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. One research 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 company. According to data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and an average target price of $17.88.

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.