Strs Ohio Takes $262,000 Position in DigitalBridge Group, Inc. $DBRG

Key Points

• Strs Ohio has acquired a new position in DigitalBridge Group, Inc. with an investment of approximately $262,000, purchasing 29,700 shares in the first quarter.
• Analysts have raised their price targets for DigitalBridge Group, with Truist Financial setting a target of $16.00 and maintaining a "buy" rating, while the stock has a consensus "buy" rating and an average price target of $16.14.
• DigitalBridge Group recently declared a quarterly dividend of $0.01 per share, reflecting a 0.3% dividend yield, and is set to be paid on October 15th to shareholders of record by September 30th.

Strs Ohio bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 29,700 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors also recently bought and sold shares of DBRG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 buying an additional 55,607 shares during the last quarter. GTS Securities LLC acquired a new stake in DigitalBridge Group in the 4th quarter valued at $216,000. Sunbelt Securities Inc. boosted its stake in 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 last quarter. Public Employees Retirement System of Ohio boosted its stake in DigitalBridge Group by 26.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 581,594 shares of the company's stock worth $6,560,000 after purchasing an additional 122,047 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in shares of DigitalBridge Group by 160.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock valued at $57,000 after acquiring an additional 4,000 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DBRG shares. Truist Financial boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods increased their price target on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $16.14.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $12.28 on Thursday. The company has a market cap of $2.24 billion, a P/E ratio of -306.88 and a beta of 1.63. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The business has a fifty day moving average of $11.25 and a two-hundred day moving average of $10.17.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 30th. DigitalBridge Group's payout ratio is -100.00%.

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.

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