Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 200,000 shares of the company’s stock, valued at approximately $3,068,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in DigitalBridge Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after buying an additional 116,360 shares during the period. Portolan Capital Management LLC increased its position in DigitalBridge Group by 77.4% during the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after buying an additional 2,386,066 shares during the period. Geode Capital Management LLC increased its position in DigitalBridge Group by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,082,778 shares of the company’s stock worth $62,640,000 after buying an additional 104,773 shares during the period. Invesco Ltd. increased its position 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 buying an additional 212,361 shares during the period. Finally, Azora Capital LP increased its position 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 period. Institutional investors and hedge funds own 92.69% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. Truist Financial assumed coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.
DigitalBridge Group Trading Up 0.0%
Shares of DBRG stock opened at $15.68 on Friday. The business’s 50 day moving average is $15.59 and its two-hundred day moving average is $14.71. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.72. The company has a market capitalization of $2.86 billion, a P/E ratio of 31.99 and a beta of 1.48.
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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio (DPR) is 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.
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