154,647 Shares in DigitalBridge Group, Inc. $DBRG Bought by Sentinel Dome Partners LLC

Sentinel Dome Partners LLC acquired a new position in DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 154,647 shares of the company’s stock, valued at approximately $2,372,000. DigitalBridge Group comprises about 1.6% of Sentinel Dome Partners LLC’s holdings, making the stock its 19th largest holding. Sentinel Dome Partners LLC owned approximately 0.08% of DigitalBridge Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ovata Capital Management Ltd acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth $1,558,000. Caitong International Asset Management Co. Ltd acquired a new position in DigitalBridge Group during the 4th quarter valued at about $139,000. Beaird Harris Wealth Management LLC acquired a new position in DigitalBridge Group during the 4th quarter valued at about $31,000. Virtu Financial LLC purchased a new stake in DigitalBridge Group in the fourth quarter valued at about $324,000. Finally, Corient Private Wealth LLC raised its stake in DigitalBridge Group by 29.8% in the fourth quarter. Corient Private Wealth LLC now owns 17,517 shares of the company’s stock valued at $268,000 after buying an additional 4,018 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DBRG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. Truist Financial assumed coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Stock Down 0.1%

Shares of NYSE DBRG opened at $15.76 on Friday. DigitalBridge Group, Inc. has a 52 week low of $8.94 and a 52 week high of $15.77. The business’s 50 day moving average price is $15.65 and its 200 day moving average price is $15.16. The firm has a market cap of $2.87 billion, a P/E ratio of 32.15 and a beta of 1.48.

DigitalBridge Group Announces Dividend

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

DigitalBridge Group Profile

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.