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 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,437 shares of the company's stock, valued at approximately $224,000.

Other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in DigitalBridge Group by 109.9% in the fourth 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. Point72 Hong Kong Ltd purchased a new position in DigitalBridge Group in the fourth quarter worth $39,000. GAMMA Investing LLC boosted its position in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after purchasing an additional 4,033 shares during the last quarter. Spire Wealth Management lifted its position in shares of DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after buying an additional 2,960 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of recent research reports. Wall Street Zen cut DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Keefe, Bruyette & Woods dropped their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Finally, Truist Financial upped their price target on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. One equities research 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's stock. According to data from MarketBeat.com, DigitalBridge Group presently has an average rating of "Moderate Buy" and an average target price of $15.94.

DigitalBridge Group Stock Up 0.8%

Shares of NYSE:DBRG traded up $0.09 during midday trading on Tuesday, reaching $10.86. 462,321 shares of the company traded hands, compared to its average volume of 2,643,872. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 36.15, a price-to-earnings-growth ratio of 1.22 and a beta of 1.67. The firm's fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.04.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.01 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. DigitalBridge Group's dividend payout ratio 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.