61,950 Shares in DigitalBridge Group, Inc. $DBRG Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 61,950 shares of the company’s stock, valued at approximately $950,000.

Several other hedge funds have also added to or reduced their stakes in DBRG. Stoneridge Investment Partners LLC grew its stake in shares of DigitalBridge Group by 7.9% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock worth $166,000 after acquiring an additional 1,037 shares in the last quarter. Arizona State Retirement System grew its position in DigitalBridge Group by 2.4% during the third quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock valued at $610,000 after buying an additional 1,244 shares during the period. Envestnet Asset Management Inc. grew its position in DigitalBridge Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after buying an additional 1,309 shares during the period. CWM LLC grew its position in DigitalBridge Group by 6.1% during the fourth quarter. CWM LLC now owns 33,149 shares of the company’s stock valued at $509,000 after buying an additional 1,910 shares during the period. Finally, Tidal Investments LLC grew its position in DigitalBridge Group by 1.8% during the second quarter. Tidal Investments LLC now owns 114,559 shares of the company’s stock valued at $1,186,000 after buying an additional 1,986 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on DBRG shares. Truist Financial started coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target for the company. Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DigitalBridge Group has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Stock Down 0.0%

Shares of NYSE:DBRG opened at $15.66 on Friday. The firm has a market capitalization of $2.86 billion, a PE ratio of 31.95 and a beta of 1.49. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.68. The company has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $14.27.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is presently 8.16%.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.