DigitalBridge Group, Inc. (NYSE:DBRG) is American Assets Capital Advisers LLC's 5th Largest Position

American Assets Capital Advisers LLC raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 37.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,326,085 shares of the company's stock after buying an additional 360,934 shares during the period. DigitalBridge Group comprises 5.8% of American Assets Capital Advisers LLC's holdings, making the stock its 5th biggest holding. American Assets Capital Advisers LLC owned about 0.76% of DigitalBridge Group worth $18,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DBRG. Massachusetts Financial Services Co. MA purchased a new stake in shares of DigitalBridge Group in the 2nd quarter worth approximately $39,033,000. New South Capital Management Inc. lifted its holdings in DigitalBridge Group by 40.1% during the second quarter. New South Capital Management Inc. now owns 3,929,762 shares of the company's stock worth $53,838,000 after buying an additional 1,125,549 shares during the period. Wafra Inc. lifted its position in DigitalBridge Group by 7.1% during the second quarter. Wafra Inc. now owns 15,455,808 shares of the company's stock valued at $211,745,000 after acquiring an additional 1,020,409 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in DigitalBridge Group by 54.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company's stock valued at $36,797,000 after acquiring an additional 952,408 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in DigitalBridge Group by 125.4% in the second quarter. Point72 Asset Management L.P. now owns 1,629,197 shares of the company's stock valued at $22,320,000 after buying an additional 906,297 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded down $0.09 during midday trading on Tuesday, hitting $12.44. 1,913,641 shares of the company were exchanged, compared to its average volume of 2,338,821. The business has a fifty day simple moving average of $14.33 and a two-hundred day simple moving average of $13.75. The firm has a market capitalization of $2.17 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.94. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.

DigitalBridge Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on DBRG. Raymond James decreased 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 research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Wells Fargo & Company reduced their target price on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Truist Financial reduced their price objective 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, JPMorgan Chase & Co. raised their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. One investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $18.13.

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.