Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Position in DigitalBridge Group, Inc. $DBRG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $3,068,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.11% of DigitalBridge Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DBRG. Atlantic Union Bankshares Corp purchased a new position in DigitalBridge Group during the 4th quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DigitalBridge Group during the 4th quarter valued at about $43,000. Tema Etfs LLC purchased a new position in DigitalBridge Group during the 4th quarter valued at about $50,000. Captrust Financial Advisors purchased a new position in DigitalBridge Group during the 2nd quarter valued at about $109,000. Finally, NEOS Investment Management LLC purchased a new position in DigitalBridge Group during the 3rd quarter valued at about $117,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $15.68 on Friday. The stock has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $14.71. The stock has a market capitalization of $2.86 billion, a PE ratio of 31.99 and a beta of 1.48. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.72.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 presently 8.16%.

Analyst Upgrades and Downgrades

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

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.