American Assets Investment Management LLC Has $951,000 Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

American Assets Investment Management LLC grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 55.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,300 shares of the company’s stock after buying an additional 24,022 shares during the period. American Assets Investment Management LLC’s holdings in DigitalBridge Group were worth $951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DBRG. DekaBank Deutsche Girozentrale acquired a new stake in DigitalBridge Group during the 1st quarter valued at $1,247,000. Sei Investments Co. boosted its holdings in shares of DigitalBridge Group by 77.9% during the 1st quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock worth $5,836,000 after buying an additional 132,638 shares during the period. Manning & Napier Advisors LLC acquired a new position in DigitalBridge Group in the 2nd quarter valued at about $3,234,000. Comerica Bank raised its holdings in DigitalBridge Group by 2,778.9% in the 1st quarter. Comerica Bank now owns 154,279 shares of the company’s stock valued at $2,973,000 after acquiring an additional 148,920 shares during the period. Finally, Tidal Investments LLC lifted its position in DigitalBridge Group by 377.2% during the first quarter. Tidal Investments LLC now owns 58,692 shares of the company’s stock worth $1,131,000 after acquiring an additional 46,392 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Down 2.1 %

Shares of DBRG traded down $0.26 during trading hours on Tuesday, hitting $12.27. 497,568 shares of the company were exchanged, compared to its average volume of 2,332,346. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.18 and a beta of 1.94. The firm’s fifty day moving average is $14.33 and its 200 day moving average is $13.75.

DigitalBridge Group Dividend Announcement

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 $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DBRG shares. Deutsche Bank Aktiengesellschaft decreased their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company dropped their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Raymond James reduced their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and an average price target of $18.13.

DigitalBridge Group 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.