DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 868.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,483,340 shares of the company’s stock after purchasing an additional 4,020,627 shares during the quarter. DigitalBridge Group accounts for approximately 0.6% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 15th biggest position. Horizon Kinetics Asset Management LLC’s holdings in DigitalBridge Group were worth $50,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DBRG. State Street Corp lifted 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 valued at $62,603,000 after buying an additional 474,101 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after purchasing an additional 317,776 shares during the period. New South Capital Management Inc. raised its holdings in shares of DigitalBridge Group by 2.9% during the fourth quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company’s stock worth $45,743,000 after purchasing an additional 115,029 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of DigitalBridge Group by 27.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock worth $51,442,000 after purchasing an additional 791,506 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of DigitalBridge Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock worth $34,186,000 after purchasing an additional 99,891 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

DBRG has been the topic of a number of analyst reports. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company raised their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Wednesday, February 26th. Finally, B. Riley decreased their price target 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. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $16.61.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $9.55 on Monday. 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 stock has a 50-day moving average of $10.75 and a 200-day moving average of $12.41. DigitalBridge Group, Inc. has a one year low of $8.95 and a one year high of $19.49.

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

DigitalBridge Group Announces Dividend

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

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.