Public Employees Retirement System of Ohio Decreases Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Public Employees Retirement System of Ohio cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 28.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 459,547 shares of the company's stock after selling 186,049 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.26% of DigitalBridge Group worth $6,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp raised its position in DigitalBridge Group by 12.0% during the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock worth $62,603,000 after acquiring an additional 474,101 shares during the period. Quadrature Capital Ltd acquired a new position in shares of DigitalBridge Group during the third quarter valued at approximately $224,000. Portolan Capital Management LLC purchased a new position in shares of DigitalBridge Group in the third quarter valued at approximately $3,310,000. Potrero Capital Research LLC acquired a new stake in shares of DigitalBridge Group in the third quarter worth approximately $20,201,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of DigitalBridge Group during the third quarter worth approximately $1,178,000. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DBRG. Keefe, Bruyette & Woods lowered DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Raymond James cut their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a report on Tuesday, November 5th. Finally, Truist Financial lowered their target price on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $17.88.

DigitalBridge Group Trading Down 1.0 %

DigitalBridge Group stock traded down $0.12 during midday trading on Friday, hitting $12.25. 1,112,443 shares of the stock were exchanged, compared to its average volume of 2,346,672. The stock's 50-day simple moving average is $13.84 and its 200 day simple moving average is $13.47. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 14.21 and a beta of 1.89.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio (DPR) is 5.48%.

About DigitalBridge Group

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.