Hsbc Holdings PLC Takes Position in DigitalBridge Group, Inc. $DBRG

Hsbc Holdings PLC acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,199,608 shares of the company’s stock, valued at approximately $18,366,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBRA Capital Ltd acquired a new position in DigitalBridge Group during the fourth quarter worth $2,006,000. Jefferies Financial Group Inc. purchased a new stake in DigitalBridge Group during the 3rd quarter worth about $1,018,000. Azora Capital LP increased its stake in shares of DigitalBridge Group by 62.6% during the third quarter. Azora Capital LP now owns 3,703,734 shares of the company’s stock worth $43,334,000 after buying an additional 1,425,583 shares during the period. Vanguard Group Inc. raised its holdings in DigitalBridge Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after acquiring an additional 116,360 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in DigitalBridge Group by 29.0% in the third quarter. ArrowMark Colorado Holdings LLC now owns 912,121 shares of the company’s stock valued at $10,672,000 after acquiring an additional 205,000 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $15.71 on Friday. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.79. The stock has a market cap of $2.87 billion, a P/E ratio of 32.07 and a beta of 1.48. The stock has a 50-day simple moving average of $15.66 and a 200-day simple moving average of $15.34.

DigitalBridge Group Dividend Announcement

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

Wall Street Analyst Weigh In

DBRG has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial began coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, DigitalBridge Group currently 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.