DigitalBridge Group, Inc. $DBRG Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC decreased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 63.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,000 shares of the company’s stock after selling 88,700 shares during the quarter. Centersquare Investment Management LLC’s holdings in DigitalBridge Group were worth $798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in DigitalBridge Group during the fourth quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in DigitalBridge Group during the fourth quarter worth approximately $43,000. Tema Etfs LLC acquired a new position in DigitalBridge Group during the fourth quarter worth approximately $50,000. Captrust Financial Advisors acquired a new position in DigitalBridge Group during the second quarter worth approximately $109,000. Finally, NEOS Investment Management LLC acquired a new position in DigitalBridge Group during the third quarter worth approximately $117,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 0.3%

DigitalBridge Group stock opened at $15.73 on Friday. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.73. The firm has a fifty day moving average of $15.62 and a 200-day moving average of $14.94. The firm has a market capitalization of $2.87 billion, a P/E ratio of 32.09 and a beta of 1.48.

DigitalBridge Group Announces Dividend

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

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 initiated coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DigitalBridge Group has an average rating of “Hold” and a consensus target price of $16.00.

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.