Horizon Kinetics Asset Management LLC Has $50.57 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Horizon Kinetics Asset Management LLC grew its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 868.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,483,340 shares of the company's stock after acquiring an additional 4,020,627 shares during the quarter. DigitalBridge Group accounts for 0.6% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 15th biggest position. Horizon Kinetics Asset Management LLC owned 2.57% of DigitalBridge Group worth $50,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of DBRG. Meeder Asset Management Inc. acquired a new stake in shares of DigitalBridge Group during the third quarter worth about $34,000. Spire Wealth Management bought a new stake in DigitalBridge Group during the 4th quarter worth approximately $37,000. Manchester Capital Management LLC raised its holdings in DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after buying an additional 2,765 shares during the period. KBC Group NV lifted its stake in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after buying an additional 6,153 shares during the period. Institutional investors own 92.69% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DBRG shares. Keefe, Bruyette & Woods dropped their price objective 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. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on 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 increased their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, DigitalBridge Group currently has an average rating of "Buy" and a consensus target price of $16.61.

DigitalBridge Group Price Performance

DBRG stock traded down $0.25 during mid-day trading on Friday, reaching $9.23. The company had a trading volume of 4,945,686 shares, compared to its average volume of 2,347,574. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 307.73, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a 52 week low of $8.95 and a 52 week high of $19.49. The stock has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $12.34.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. On average, equities analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.43%. DigitalBridge Group's dividend payout ratio is presently 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.