DigitalBridge Group, Inc. $DBRG Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC decreased its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,046,533 shares of the company’s stock after selling 239,864 shares during the quarter. DigitalBridge Group accounts for about 0.6% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Horizon Kinetics Asset Management LLC owned 1.67% of DigitalBridge Group worth $46,734,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in DigitalBridge Group by 2.5% in the fourth quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock valued at $814,000 after acquiring an additional 1,274 shares in the last quarter. LPL Financial LLC raised its holdings in DigitalBridge Group by 16.2% during the fourth quarter. LPL Financial LLC now owns 61,052 shares of the company’s stock worth $937,000 after purchasing an additional 8,523 shares in the last quarter. CenterBook Partners LP raised its holdings in DigitalBridge Group by 276.8% during the fourth quarter. CenterBook Partners LP now owns 183,428 shares of the company’s stock worth $2,814,000 after purchasing an additional 134,745 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in DigitalBridge Group by 140.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,199,140 shares of the company’s stock worth $18,395,000 after purchasing an additional 701,390 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in DigitalBridge Group during the fourth quarter worth approximately $2,546,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of DBRG opened at $15.70 on Wednesday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 32.03 and a beta of 1.48. The company’s fifty day moving average is $15.61 and its two-hundred day moving average is $14.84. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.72.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s payout ratio is currently 8.16%.

Analysts Set New Price Targets

DBRG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial initiated coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.00.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.