DigitalBridge Group, Inc. $DBRG is Lind Value II ApS’s 7th Largest Position

Lind Value II ApS decreased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 40.8% during the third quarter, HoldingsChannel reports. The fund owned 776,742 shares of the company’s stock after selling 536,311 shares during the quarter. DigitalBridge Group comprises about 3.4% of Lind Value II ApS’s investment portfolio, making the stock its 7th biggest holding. Lind Value II ApS’s holdings in DigitalBridge Group were worth $9,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. DAVENPORT & Co LLC grew its position in shares of DigitalBridge Group by 15.4% in the third quarter. DAVENPORT & Co LLC now owns 1,500,110 shares of the company’s stock valued at $17,701,000 after purchasing an additional 200,110 shares in the last quarter. Sarasin & Partners LLP purchased a new position in DigitalBridge Group during the 3rd quarter valued at about $1,886,000. Moody National Bank Trust Division lifted its holdings in shares of DigitalBridge Group by 18.2% in the third quarter. Moody National Bank Trust Division now owns 119,253 shares of the company’s stock worth $1,395,000 after buying an additional 18,368 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of DigitalBridge Group in the second quarter valued at approximately $134,000. Finally, Osaic Holdings Inc. increased its holdings in DigitalBridge Group by 18.2% during the 2nd quarter. Osaic Holdings Inc. now owns 14,883 shares of the company’s stock worth $154,000 after acquiring an additional 2,294 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock opened at $13.31 on Wednesday. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $15.55. The company has a fifty day moving average of $11.72 and a 200-day moving average of $11.32. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 221.79 and a beta of 1.77.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share for the quarter. DigitalBridge Group had a return on equity of 4.78% and a net margin of 18.57%.The business had revenue of $232.83 million during the quarter. On average, equities research analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DBRG. TD Cowen boosted their price target on shares of DigitalBridge Group from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada upped their target price on DigitalBridge Group from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 8th. Keefe, Bruyette & Woods raised their price target on DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a report on Monday, November 3rd. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.69.

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.