New York State Common Retirement Fund Grows Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

New York State Common Retirement Fund raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570,643 shares of the company's stock after purchasing an additional 133,530 shares during the period. New York State Common Retirement Fund owned 0.33% of DigitalBridge Group worth $5,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Frontier Capital Management Co. LLC raised its holdings in DigitalBridge Group by 28.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock valued at $62,889,000 after acquiring an additional 1,218,901 shares during the period. Brown Advisory Inc. raised its stake in DigitalBridge Group by 0.9% in the first quarter. Brown Advisory Inc. now owns 3,692,895 shares of the company's stock worth $32,571,000 after buying an additional 33,960 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of DigitalBridge Group by 384.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after purchasing an additional 2,656,100 shares in the last quarter. Invesco Ltd. increased its position in shares of DigitalBridge Group by 0.5% during the fourth quarter. Invesco Ltd. now owns 3,313,725 shares of the company's stock worth $37,379,000 after purchasing an additional 14,997 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of DigitalBridge Group by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,123,282 shares of the company's stock valued at $35,229,000 after buying an additional 109,775 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. JMP Securities restated a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Wall Street Zen downgraded shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Truist Financial raised their price target on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.94.

DigitalBridge Group Stock Down 1.0%

DBRG stock traded down $0.12 during midday trading on Friday, hitting $11.10. The company's stock had a trading volume of 1,644,674 shares, compared to its average volume of 2,107,633. The firm has a market capitalization of $1.96 billion, a P/E ratio of 37.01, a PEG ratio of 1.27 and a beta of 1.67. The firm has a 50-day simple moving average of $10.73 and a 200-day simple moving average of $10.05. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $17.33.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. DigitalBridge Group's dividend payout ratio (DPR) is currently 13.33%.

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.