P Schoenfeld Asset Management LP Invests $2.61 Million in DigitalBridge Group, Inc. $DBRG

P Schoenfeld Asset Management LP purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 170,000 shares of the company’s stock, valued at approximately $2,608,000. DigitalBridge Group comprises approximately 0.9% of P Schoenfeld Asset Management LP’s investment portfolio, making the stock its 23rd largest holding. P Schoenfeld Asset Management LP owned about 0.09% of DigitalBridge Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of DBRG. Vanguard Group Inc. raised its stake in DigitalBridge Group by 0.7% during the fourth 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 in the last quarter. Portolan Capital Management LLC increased its holdings in shares of DigitalBridge Group by 77.4% in the 3rd quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock valued at $63,978,000 after acquiring an additional 2,386,066 shares during the last quarter. New South Capital Management Inc. raised its position in shares of DigitalBridge Group by 21.0% during the 4th quarter. New South Capital Management Inc. now owns 4,571,797 shares of the company’s stock valued at $70,131,000 after acquiring an additional 794,434 shares in the last quarter. Geode Capital Management LLC raised its position in shares of DigitalBridge Group by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,082,778 shares of the company’s stock valued at $62,640,000 after acquiring an additional 104,773 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in DigitalBridge Group by 5.5% during the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock worth $47,377,000 after purchasing an additional 212,361 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial assumed coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Trading Up 0.0%

Shares of DigitalBridge Group stock opened at $15.72 on Monday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 32.07 and a beta of 1.48. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.74. The business’s 50 day simple moving average is $15.62 and its 200-day simple moving average is $14.98.

DigitalBridge Group Announces Dividend

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

DigitalBridge Group 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.