Teacher Retirement System of Texas Purchases Shares of 25,437 DigitalBridge Group, Inc. (NYSE:DBRG)

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

A number of other large investors have also made changes to their positions in DBRG. Sunbelt Securities Inc. raised its stake in DigitalBridge Group by 109.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after buying an additional 1,464 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of DigitalBridge Group in the fourth quarter worth about $39,000. GAMMA Investing LLC raised its stake in shares of 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 raised its stake in shares of DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock worth $55,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after purchasing an additional 2,710 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DBRG has been the topic of several research analyst reports. Truist Financial raised their price objective on DigitalBridge Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Keefe, Bruyette & Woods lowered their price target on 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 reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of DigitalBridge Group in a research note on Friday, May 16th. Finally, Wall Street Zen lowered DigitalBridge Group from a “hold” rating to a “sell” rating in a research note 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.94.

DigitalBridge Group Trading Down 1.3%

DBRG stock opened at $10.78 on Friday. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The company has a market capitalization of $1.90 billion, a PE ratio of 35.93, a P/E/G ratio of 1.22 and a beta of 1.67. The business’s fifty day moving average price is $10.65 and its 200 day moving average price is $10.05.

DigitalBridge Group Dividend Announcement

The firm 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 was Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. DigitalBridge Group’s dividend payout ratio is currently 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.