Azora Capital LP Has $7.68 Million Position in DigitalBridge Group, Inc. $DBRG

Azora Capital LP lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 86.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 500,720 shares of the company’s stock after selling 3,203,014 shares during the quarter. Azora Capital LP’s holdings in DigitalBridge Group were worth $7,681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DBRG. Pentwater Capital Management LP acquired a new position in DigitalBridge Group in the fourth quarter worth about $176,410,000. KRYGER CAPITAL Ltd acquired a new position in DigitalBridge Group in the fourth quarter worth about $75,234,000. Soros Fund Management LLC acquired a new position in DigitalBridge Group in the fourth quarter worth about $36,816,000. Portolan Capital Management LLC raised its position in DigitalBridge Group by 77.4% in the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after purchasing an additional 2,386,066 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in DigitalBridge Group by 380.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock worth $34,672,000 after purchasing an additional 2,346,446 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DBRG shares. Truist Financial started coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group presently has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Trading Down 0.3%

NYSE DBRG opened at $15.72 on Thursday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 32.07 and a beta of 1.48. The company has a 50 day moving average of $15.64 and a 200-day moving average of $15.11. DigitalBridge Group, Inc. has a 1-year low of $8.94 and a 1-year high of $15.77.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.16%.

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.