DigitalBridge: Swap The Paltry Commons Dividend For 9.2% Yielding Preferreds [Seeking Alpha]
DigitalBridge Group, Inc. (DBRG)
Company Research
Source: Seeking Alpha
aapsky/iStock via Getty ImagesAfter a hiatus of over two years, DigitalBridge (NYSE:DBRG$0.01$0.44all essence a different company from when it suspended the dividend. The company, previously named Colony Capital, is no longer a REIT so is not obliged to pay 90% of its taxable earnings to shareholders. The meager dividend, which forms a roughly annualized yield of 0.35%, reflects a business that has dramatically changed since the May 2020 suspension. It has pivoted to focus on five key digital infrastructure verticals, completed a mammoth$11 billion take-privateof Switch, and executed a one-for-fourreverse stock splitWhere Colony Capital held retail, hotel, and office real estate, DigitalBridge is investing across cell towers, data centers, edge infrastructure, small cells, and fiber networks. Fundamentally, these verticals are underlined by decades-long secular growth thematics with cloud migration alone set to see a global capex of $1.3 trillion from 2022 to 2028 as more corporations
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DBRG
News
- Swiss Life Asset Managers Completes Investment in Telecom Infrastructure Partners Joining InfraBridge as a Key ShareholderBusiness Wire
- DigitalBridge Group, Inc. (NYSE: DBRG) had its price target raised by analysts at Truist Financial Co. from $20.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- DigitalBridge Announces First Quarter 2024 Earnings Release and Conference Call DateBusiness Wire
- ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridgeBusiness Wire
- DigitalBridge to Host Investor Day on May 13, 2024Business Wire
DBRG
Earnings
- 2/21/24 - Beat
DBRG
Sec Filings
- 4/10/24 - Form DEFA14A
- 3/22/24 - Form 3
- 3/21/24 - Form 8-K
- DBRG's page on the SEC website