Horizon Kinetics Asset Management LLC Acquires Shares of 462,713 DigitalBridge Group, Inc. (NYSE:DBRG)

Horizon Kinetics Asset Management LLC bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 462,713 shares of the company’s stock, valued at approximately $6,538,000.

Other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DigitalBridge Group during the third quarter worth $1,158,000. Charles Schwab Investment Management Inc. raised its stake in shares of DigitalBridge Group by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company’s stock worth $41,412,000 after purchasing an additional 34,168 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of DigitalBridge Group by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock valued at $51,442,000 after buying an additional 791,506 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of DigitalBridge Group during the 3rd quarter valued at about $581,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in DigitalBridge Group by 24.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock worth $19,281,000 after buying an additional 271,853 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DBRG. Wells Fargo & Company reduced their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company 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 stock an “overweight” rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. Truist Financial decreased their price target on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.13.

DigitalBridge Group Trading Up 2.6 %

Shares of DBRG stock opened at $12.65 on Monday. The firm has a market capitalization of $2.20 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.94. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99. The firm’s fifty day simple moving average is $14.30 and its 200 day simple moving average is $13.56.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

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.