Public Employees Retirement System of Ohio Grows Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Public Employees Retirement System of Ohio grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 581,594 shares of the company's stock after acquiring an additional 122,047 shares during the period. Public Employees Retirement System of Ohio owned 0.33% of DigitalBridge Group worth $6,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its stake in shares of DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after purchasing an additional 1,464 shares during the period. GTS Securities LLC purchased a new position in shares of DigitalBridge Group during the 4th quarter worth about $216,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of DigitalBridge Group by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 370,164 shares of the company's stock worth $4,175,000 after purchasing an additional 55,607 shares during the period. Tidal Investments LLC boosted its stake in shares of DigitalBridge Group by 4.6% during the 4th quarter. Tidal Investments LLC now owns 104,629 shares of the company's stock worth $1,180,000 after purchasing an additional 4,634 shares during the period. Finally, State of Wyoming boosted its stake in shares of DigitalBridge Group by 157.2% during the 4th quarter. State of Wyoming now owns 22,084 shares of the company's stock worth $249,000 after purchasing an additional 13,498 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DBRG has been the subject of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Truist Financial reduced their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Wells Fargo & Company boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, DigitalBridge Group presently has an average rating of "Buy" and an average target price of $16.06.

DigitalBridge Group Stock Down 0.2%

Shares of NYSE DBRG traded down $0.02 during trading hours on Friday, hitting $11.08. 2,154,203 shares of the stock were exchanged, compared to its average volume of 2,570,747. The company has a market cap of $1.95 billion, a PE ratio of 369.33, a PEG ratio of 3.46 and a beta of 1.58. The firm has a fifty day moving average price of $9.03 and a 200-day moving average price of $10.41. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio is presently 13.33%.

DigitalBridge Group Company Profile

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.