PDT Partners LLC Takes $3.45 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

PDT Partners LLC bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 243,930 shares of the company’s stock, valued at approximately $3,447,000. PDT Partners LLC owned 0.14% of DigitalBridge Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DBRG. nVerses Capital LLC grew its stake in DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after acquiring an additional 1,900 shares during the period. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group in the 3rd quarter valued at $34,000. Central Pacific Bank Trust Division bought a new stake in DigitalBridge Group during the 3rd quarter valued at $35,000. Blue Trust Inc. raised its holdings in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after buying an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after buying an additional 7,398 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $13.10 on Friday. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99. The company has a market capitalization of $2.28 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 8.20 and a beta of 1.94. The business has a fifty day moving average price of $14.20 and a two-hundred day moving average price of $13.53.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.31%. DigitalBridge Group’s payout ratio is currently 5.48%.

Analysts Set New Price Targets

Several research firms have recently commented on DBRG. Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. upped their price target on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Truist Financial dropped their price objective on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $18.13.

DigitalBridge Group 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.