Ranger Global Real Estate Advisors LLC Trims Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Ranger Global Real Estate Advisors LLC lowered its stake in DigitalBridge Group, Inc. (NYSE:DBRGFree Report) by 45.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 999,825 shares of the company’s stock after selling 847,172 shares during the quarter. DigitalBridge Group comprises 2.7% of Ranger Global Real Estate Advisors LLC’s portfolio, making the stock its 16th biggest holding. Ranger Global Real Estate Advisors LLC’s holdings in DigitalBridge Group were worth $17,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in DigitalBridge Group by 76.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,300 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Quarry LP purchased a new position in shares of DigitalBridge Group during the first quarter valued at about $32,000. Dark Forest Capital Management LP boosted its stake in DigitalBridge Group by 161.1% during the first quarter. Dark Forest Capital Management LP now owns 2,781 shares of the company’s stock valued at $33,000 after buying an additional 1,716 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in DigitalBridge Group during the 1st quarter valued at approximately $34,000. Finally, Nomura Holdings Inc. bought a new stake in DigitalBridge Group in the 2nd quarter worth approximately $52,000. 90.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DBRG has been the subject of a number of recent research reports. Raymond James cut their target price on shares of DigitalBridge Group from $25.00 to $24.00 and set a “strong-buy” rating for the company in a report on Thursday, November 2nd. TheStreet upgraded shares of DigitalBridge Group from a “d” rating to a “c-” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $22.79.

Get Our Latest Report on DigitalBridge Group

DigitalBridge Group Stock Performance

NYSE DBRG traded up $0.18 on Wednesday, hitting $18.13. 1,918,628 shares of the stock were exchanged, compared to its average volume of 2,161,478. DigitalBridge Group, Inc. has a 52-week low of $9.99 and a 52-week high of $20.99. The firm has a market capitalization of $2.96 billion, a P/E ratio of 37.00 and a beta of 1.93. The stock has a fifty day moving average price of $18.69 and a two-hundred day moving average price of $17.32.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.22%. DigitalBridge Group’s payout ratio is 8.16%.

DigitalBridge Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

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