DigitalBridge Group, Inc. (NYSE:DBRG) Holdings Lessened by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,220,714 shares of the company’s stock after selling 105,371 shares during the period. DigitalBridge Group comprises 4.6% of American Assets Capital Advisers LLC’s portfolio, making the stock its 7th largest position. American Assets Capital Advisers LLC owned 0.70% of DigitalBridge Group worth $13,770,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DBRG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in DigitalBridge Group by 24.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock valued at $19,281,000 after purchasing an additional 271,853 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after buying an additional 317,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in DigitalBridge Group by 101.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock valued at $4,445,000 after acquiring an additional 158,790 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new stake in DigitalBridge Group in the third quarter valued at $6,538,000. Finally, Rockefeller Capital Management L.P. boosted its stake in DigitalBridge Group by 482.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock valued at $2,046,000 after acquiring an additional 119,922 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. B. Riley decreased their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $16.61.

DigitalBridge Group Stock Up 3.6 %

DBRG stock opened at $9.55 on Friday. The stock has a market cap of $1.67 billion, a PE ratio of 318.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The firm’s 50-day simple moving average is $10.75 and its 200 day simple moving average is $12.41. DigitalBridge Group, Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.49.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. Equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s payout ratio is currently 133.33%.

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.