American Assets Capital Advisers LLC Has $13.77 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

American Assets Capital Advisers LLC trimmed its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,220,714 shares of the company's stock after selling 105,371 shares during the period. DigitalBridge Group accounts for about 4.6% of American Assets Capital Advisers LLC's portfolio, making the stock its 7th biggest holding. American Assets Capital Advisers LLC owned approximately 0.70% of DigitalBridge Group worth $13,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Corient Private Wealth LLC bought a new stake in shares of DigitalBridge Group during the 4th quarter worth about $290,000. one8zero8 LLC acquired a new stake in DigitalBridge Group during the fourth quarter worth approximately $122,000. Hilton Capital Management LLC boosted its holdings in shares of DigitalBridge Group by 4.7% during the fourth quarter. Hilton Capital Management LLC now owns 130,712 shares of the company's stock worth $1,474,000 after acquiring an additional 5,865 shares during the period. Swiss National Bank boosted its holdings in shares of DigitalBridge Group by 0.8% during the fourth quarter. Swiss National Bank now owns 341,625 shares of the company's stock worth $3,854,000 after acquiring an additional 2,700 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of DigitalBridge Group by 89.3% in the fourth quarter. HighTower Advisors LLC now owns 57,491 shares of the company's stock valued at $648,000 after purchasing an additional 27,125 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

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DigitalBridge Group Trading Down 3.3 %

DigitalBridge Group stock traded down $0.33 during trading hours on Thursday, reaching $9.48. 2,133,277 shares of the stock were exchanged, compared to its average volume of 2,355,185. DigitalBridge Group, Inc. has a twelve month low of $8.95 and a twelve month high of $19.49. The company has a market cap of $1.65 billion, a P/E ratio of 315.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The stock has a 50 day moving average of $10.67 and a two-hundred day moving average of $12.36.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business 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%. On average, analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on DBRG shares. Keefe, Bruyette & Woods dropped their price target on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a report on Wednesday, February 26th. JMP Securities started coverage on DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price for the company. JPMorgan Chase & Co. reduced their target price 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. Truist Financial lowered their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Finally, Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $16.61.

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.