Azora Capital LP Purchases New Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Azora Capital LP purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 516,874 shares of the company’s stock, valued at approximately $7,303,000. Azora Capital LP owned 0.30% of DigitalBridge Group as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the period. Meeder Asset Management Inc. purchased a new position in DigitalBridge Group during the 3rd quarter valued at $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group in the 3rd quarter worth $35,000. Blue Trust Inc. lifted its position in shares of DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares during the period. Finally, Headlands Technologies LLC boosted its stake in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after purchasing an additional 7,398 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Raymond James decreased their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, DigitalBridge Group currently has an average rating of “Buy” and an average target price of $18.13.

DigitalBridge Group Trading Up 0.3 %

DigitalBridge Group stock opened at $13.10 on Monday. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 8.23 and a beta of 1.94. The business’s fifty day simple moving average is $14.17 and its two-hundred day simple moving average is $13.51.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s payout ratio is 5.48%.

DigitalBridge Group Company 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.