VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 61,950 DigitalBridge Group, Inc. $DBRG

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 61,950 shares of the company’s stock, valued at approximately $950,000.

A number of other institutional investors also recently modified their holdings of DBRG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of DigitalBridge Group in the fourth quarter worth about $43,000. Tema Etfs LLC bought a new position in shares of DigitalBridge Group in the fourth quarter worth about $50,000. State of Alaska Department of Revenue bought a new position in shares of DigitalBridge Group in the third quarter worth about $84,000. Captrust Financial Advisors bought a new position in shares of DigitalBridge Group in the second quarter worth about $109,000. Finally, NEOS Investment Management LLC bought a new position in shares of DigitalBridge Group in the third quarter worth about $117,000. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.66 on Friday. DigitalBridge Group, Inc. has a 52 week low of $8.94 and a 52 week high of $15.68. The company has a market capitalization of $2.86 billion, a PE ratio of 31.95 and a beta of 1.49. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s payout ratio is 8.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Raymond James Financial downgraded shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. 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. Finally, Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DigitalBridge Group presently has an average rating of “Hold” and an average price target of $16.00.

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.