Teacher Retirement System of Texas Makes New $224,000 Investment in DigitalBridge Group, Inc. (NYSE:DBRG)

Teacher Retirement System of Texas purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,437 shares of the company's stock, valued at approximately $224,000.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in DigitalBridge Group during the fourth quarter worth about $4,087,000. HighTower Advisors LLC raised its stake in DigitalBridge Group by 89.3% during the fourth quarter. HighTower Advisors LLC now owns 57,491 shares of the company's stock worth $648,000 after acquiring an additional 27,125 shares during the period. Swiss National Bank raised its stake in DigitalBridge Group by 0.8% during the fourth quarter. Swiss National Bank now owns 341,625 shares of the company's stock worth $3,854,000 after acquiring an additional 2,700 shares during the period. Corient Private Wealth LLC acquired a new stake in DigitalBridge Group during the fourth quarter worth about $290,000. Finally, Cibc World Markets Corp acquired a new stake in DigitalBridge Group during the fourth quarter worth about $168,000. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Price Performance

Shares of NYSE DBRG traded up $0.15 during midday trading on Wednesday, reaching $11.12. 1,323,902 shares of the company traded hands, compared to its average volume of 2,655,601. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The stock has a 50-day moving average price of $10.75 and a 200 day moving average price of $10.05. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.24 and a beta of 1.67.

DigitalBridge Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.