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

American Assets Capital Advisers LLC decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 7.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,220,714 shares of the company’s stock after selling 105,371 shares during the quarter. DigitalBridge Group accounts for 4.6% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 7th biggest holding. American Assets Capital Advisers LLC’s holdings in DigitalBridge Group were worth $13,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the 3rd quarter worth approximately $34,000. Stoneridge Investment Partners LLC grew its position in DigitalBridge Group by 22.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock worth $148,000 after buying an additional 2,408 shares during the last quarter. Swiss National Bank increased its holdings in shares of DigitalBridge Group by 0.8% in the fourth quarter. Swiss National Bank now owns 341,625 shares of the company’s stock valued at $3,854,000 after buying an additional 2,700 shares in the last quarter. KBC Group NV lifted its position in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of 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 acquiring an additional 2,765 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. B. Riley cut their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $16.61.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $9.55 on Friday. DigitalBridge Group, Inc. has a 52 week low of $8.95 and a 52 week high of $19.49. The company has a market capitalization of $1.67 billion, a PE ratio of 318.17, a PEG ratio of 3.46 and a beta of 1.91. The company’s 50 day moving average price is $10.75 and its 200 day moving average price is $12.41.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS 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 for the quarter, compared to analysts’ expectations of $93.01 million. On average, equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. 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 dividend payout ratio is 133.33%.

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.