New York State Teachers Retirement System Invests $175,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

New York State Teachers Retirement System purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,974 shares of the company’s stock, valued at approximately $175,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new position in shares of DigitalBridge Group during the 4th quarter worth $19,351,000. Vanguard Group Inc. lifted its holdings in DigitalBridge Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company’s stock worth $410,985,000 after purchasing an additional 83,381 shares in the last quarter. Raymond James & Associates lifted its holdings in DigitalBridge Group by 311.5% during the 4th quarter. Raymond James & Associates now owns 469,647 shares of the company’s stock worth $8,238,000 after purchasing an additional 355,524 shares in the last quarter. Wellington Management Group LLP purchased a new stake in DigitalBridge Group during the 3rd quarter worth about $47,948,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in DigitalBridge Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,515,517 shares of the company’s stock worth $26,643,000 after purchasing an additional 33,936 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price objective on DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $22.08.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $17.29 on Friday. The business’s 50-day moving average price is $18.64 and its two-hundred day moving average price is $17.71. DigitalBridge Group, Inc. has a twelve month low of $10.20 and a twelve month high of $20.99. The stock has a market cap of $2.83 billion, a P/E ratio of 35.29 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. The firm had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $287.41 million. On average, equities research analysts expect that DigitalBridge Group, Inc. will post -0.14 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. DigitalBridge Group’s payout ratio is currently 8.16%.

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.