TCTC Holdings LLC Buys 69,652 Shares of DigitalBridge Group, Inc. $DBRG

TCTC Holdings LLC increased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 39.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,442 shares of the company’s stock after acquiring an additional 69,652 shares during the period. TCTC Holdings LLC’s holdings in DigitalBridge Group were worth $3,796,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DBRG. Portolan Capital Management LLC increased its position in shares of DigitalBridge Group by 77.4% during the 3rd quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after purchasing an additional 2,386,066 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of DigitalBridge Group by 380.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock valued at $34,672,000 after buying an additional 2,346,446 shares in the last quarter. Regents of The University of California bought a new position in shares of DigitalBridge Group in the fourth quarter valued at $27,059,000. Azora Capital LP increased its holdings in 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 last quarter. Finally, Northern Right Capital Management L.P. acquired a new position in DigitalBridge Group during the third quarter worth $16,190,000. 92.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial initiated coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Price Performance

DBRG stock opened at $15.73 on Friday. DigitalBridge Group, Inc. has a one year low of $8.94 and a one year high of $15.73. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 32.09 and a beta of 1.48. The company has a fifty day moving average price of $15.62 and a two-hundred day moving average price of $14.94.

DigitalBridge Group Announces Dividend

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

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.