165,956 Shares in DigitalBridge Group, Inc. $DBRG Acquired by Vestcor Inc

Vestcor Inc bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 165,956 shares of the company’s stock, valued at approximately $2,546,000. Vestcor Inc owned approximately 0.09% of DigitalBridge Group as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in DigitalBridge Group in the 4th quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in DigitalBridge Group in the 4th quarter worth approximately $43,000. Tema Etfs LLC acquired a new stake in DigitalBridge Group in the 4th quarter worth approximately $50,000. NEOS Investment Management LLC acquired a new stake in DigitalBridge Group in the 3rd quarter worth approximately $117,000. Finally, Captrust Financial Advisors acquired a new stake in DigitalBridge Group in the 2nd quarter worth approximately $109,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Truist Financial assumed coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Trading Up 0.0%

DBRG opened at $15.67 on Monday. The firm has a 50 day moving average of $15.59 and a two-hundred day moving average of $14.75. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.72. The firm has a market capitalization of $2.86 billion, a PE ratio of 31.97 and a beta of 1.48.

DigitalBridge Group Dividend Announcement

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

About DigitalBridge Group

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.