Jacobs Levy Equity Management Inc. Takes $1.18 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Jacobs Levy Equity Management Inc. acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 83,362 shares of the company’s stock, valued at approximately $1,178,000.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC raised its position in DigitalBridge Group by 633.3% in the 2nd 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 last quarter. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group in the 3rd quarter valued at $34,000. Central Pacific Bank Trust Division bought a new stake in DigitalBridge Group during the 3rd quarter worth about $35,000. Blue Trust Inc. boosted its stake in shares of DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after buying an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in DigitalBridge Group by 33,627.3% in the second 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.

DigitalBridge Group Stock Down 0.8 %

Shares of DigitalBridge Group stock opened at $12.84 on Monday. DigitalBridge Group, Inc. has a twelve month low of $11.07 and a twelve month high of $20.99. The company has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $13.49. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 14.65 and a beta of 1.89.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is currently 5.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial dropped their price objective on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Raymond James cut their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $18.13.

About DigitalBridge Group

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.