Kapitalo Investimentos Ltda Takes Position in DigitalBridge Group, Inc. $DBRG

Kapitalo Investimentos Ltda bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the first quarter, HoldingsChannel.com reports. The fund bought 450,328 shares of the company’s stock, valued at approximately $6,944,000. DigitalBridge Group makes up approximately 1.3% of Kapitalo Investimentos Ltda’s holdings, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBRA Capital Ltd acquired a new stake in shares of DigitalBridge Group during the 4th quarter worth about $2,006,000. Vanguard Group Inc. lifted its holdings in DigitalBridge Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after purchasing an additional 116,360 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in DigitalBridge Group by 3,788.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 130,540 shares of the company’s stock valued at $2,002,000 after buying an additional 127,183 shares in the last quarter. P Schoenfeld Asset Management LP acquired a new position in DigitalBridge Group in the fourth quarter valued at about $2,608,000. Finally, Slotnik Capital LLC bought a new stake in DigitalBridge Group during the fourth quarter worth about $4,142,000. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

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

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.81 on Tuesday. The business has a fifty day moving average of $15.72 and a 200-day moving average of $15.54. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.82. The firm has a market cap of $2.88 billion, a PE ratio of 32.26 and a beta of 1.46.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 8.16%.

DigitalBridge Group Company 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.