Horizon Kinetics Asset Management LLC Purchases New Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Horizon Kinetics Asset Management LLC acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 462,713 shares of the company's stock, valued at approximately $6,538,000. Horizon Kinetics Asset Management LLC owned approximately 0.27% of DigitalBridge Group as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of DigitalBridge Group by 4.1% during the second quarter. Victory Capital Management Inc. now owns 22,165 shares of the company's stock worth $304,000 after acquiring an additional 870 shares in the last quarter. Arizona State Retirement System lifted its stake in DigitalBridge Group by 1.9% in the second quarter. Arizona State Retirement System now owns 45,735 shares of the company's stock worth $627,000 after purchasing an additional 872 shares during the last quarter. Fulton Bank N.A. lifted its stake in DigitalBridge Group by 3.2% in the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company's stock worth $401,000 after purchasing an additional 878 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company's stock valued at $973,000 after buying an additional 942 shares during the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock worth $30,000 after buying an additional 1,900 shares during the period. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded up $0.52 during midday trading on Monday, hitting $12.85. 3,980,246 shares of the company traded hands, compared to its average volume of 2,385,205. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The firm has a market cap of $2.24 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.17 and a beta of 1.94. The stock has a 50-day moving average price of $14.30 and a 200 day moving average price of $13.56.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued 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 0.31%. DigitalBridge Group's dividend payout ratio (DPR) is 5.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target 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. JPMorgan Chase & Co. upped their price target on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Truist Financial cut their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company lowered their price objective 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. Finally, Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of "Buy" and a consensus 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.