Healthcare of Ontario Pension Plan Trust Fund Has $19.45 Million Holdings in DigitalBridge Group, Inc. $DBRG

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 126,130,000.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,261,301 shares of the company’s stock after purchasing an additional 1,261,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in DigitalBridge Group were worth $19,449,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in DigitalBridge Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after buying an additional 116,360 shares during the last quarter. Caxton Associates LLP purchased a new position in DigitalBridge Group during the 1st quarter worth $8,881,000. Northwestern Mutual Wealth Management Co. boosted its holdings in DigitalBridge Group by 3,788.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 130,540 shares of the company’s stock worth $2,002,000 after acquiring an additional 127,183 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of DigitalBridge Group by 102.4% in the 1st quarter. Gabelli Funds LLC now owns 865,500 shares of the company’s stock worth $13,346,000 after acquiring an additional 437,950 shares in the last quarter. Finally, P Schoenfeld Asset Management LP bought a new stake in shares of DigitalBridge Group in the 4th quarter worth $2,608,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

DBRG has been the topic of a number of recent analyst reports. Truist Financial started coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Trading Down 0.2%

Shares of DBRG opened at $15.88 on Tuesday. The stock has a 50 day moving average of $15.74 and a 200 day moving average of $15.56. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.40 and a beta of 1.46. DigitalBridge Group, Inc. has a 12 month low of $8.94 and a 12 month high of $15.92.

About DigitalBridge Group

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.