DigitalBridge Group, Inc. (NYSE:DBRG) Short Interest Down 9.0% in November

by · The Cerbat Gem

DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 15,360,000 shares, a decline of 9.0% from the October 31st total of 16,870,000 shares. Based on an average daily volume of 3,020,000 shares, the short-interest ratio is currently 5.1 days. Currently, 8.9% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts have recently issued reports on DBRG shares. Raymond James lowered their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft cut their price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Wells Fargo & Company cut their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $18.13.

View Our Latest Report on DigitalBridge Group

Institutional Investors Weigh In On DigitalBridge Group

Large investors have recently added to or reduced their stakes in the stock. Wafra Inc. increased its holdings in shares of DigitalBridge Group by 7.1% during the second quarter. Wafra Inc. now owns 15,455,808 shares of the company’s stock valued at $211,745,000 after purchasing an additional 1,020,409 shares during the period. State Street Corp boosted its stake in DigitalBridge Group by 12.0% during the third quarter. State Street Corp now owns 4,427,379 shares of the company’s stock valued at $62,603,000 after buying an additional 474,101 shares in the last quarter. Geode Capital Management LLC boosted its stake in DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after buying an additional 317,776 shares in the last quarter. New South Capital Management Inc. boosted its stake in DigitalBridge Group by 0.3% during the third quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company’s stock valued at $55,675,000 after buying an additional 10,441 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in DigitalBridge Group by 27.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock valued at $51,442,000 after buying an additional 791,506 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 2.1 %

NYSE:DBRG traded up $0.27 on Monday, hitting $13.37. 755,576 shares of the stock were exchanged, compared to its average volume of 2,370,877. The stock has a market cap of $2.33 billion, a PE ratio of 18.38, a PEG ratio of 8.23 and a beta of 1.94. DigitalBridge Group has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The stock has a fifty day moving average of $14.17 and a 200-day moving average of $13.51.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

DigitalBridge Group Company Profile

(Get Free Report)

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.

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