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

Public Employees Retirement System of Ohio lowered its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 28.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Other large investors also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its stake in shares of DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group in the third quarter worth $34,000. Central Pacific Bank Trust Division purchased a new position in DigitalBridge Group during the third quarter worth $35,000. Blue Trust Inc. increased its position in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after acquiring an additional 7,398 shares during the period. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Down 1.0 %

Shares of NYSE DBRG opened at $12.25 on Friday. DigitalBridge Group, Inc. has a twelve month low of $11.07 and a twelve month high of $20.99. The firm has a market cap of $2.13 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 14.21 and a beta of 1.89. The business has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $13.46.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. DigitalBridge Group’s payout ratio is currently 5.48%.

Wall Street Analyst Weigh In

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

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.