New South Capital Management Inc. Has $55.68 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

New South Capital Management Inc. increased its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 0.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,940,203 shares of the company’s stock after purchasing an additional 10,441 shares during the quarter. DigitalBridge Group makes up approximately 2.3% of New South Capital Management Inc.’s investment portfolio, making the stock its 16th largest position. New South Capital Management Inc.’s holdings in DigitalBridge Group were worth $55,675,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DBRG. Massachusetts Financial Services Co. MA acquired a new stake in DigitalBridge Group during the 2nd quarter valued at $39,033,000. Wafra Inc. lifted its holdings in shares of DigitalBridge Group by 7.1% during the second quarter. Wafra Inc. now owns 15,455,808 shares of the company’s stock worth $211,745,000 after buying an additional 1,020,409 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DigitalBridge Group by 54.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company’s stock worth $36,797,000 after buying an additional 952,408 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of DigitalBridge Group by 125.4% in the second quarter. Point72 Asset Management L.P. now owns 1,629,197 shares of the company’s stock worth $22,320,000 after purchasing an additional 906,297 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of DigitalBridge Group in the first quarter worth $9,661,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

NYSE:DBRG traded up $0.06 during trading on Tuesday, reaching $12.59. The company’s stock had a trading volume of 30,888 shares, compared to its average volume of 2,330,216. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.94. The firm has a 50 day moving average of $14.33 and a 200-day moving average of $13.75. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Raymond James cut their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 5th. Truist Financial dropped their price target 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. Wells Fargo & Company dropped their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.