Hilton Capital Management LLC Has $1.76 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Hilton Capital Management LLC decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,847 shares of the company’s stock after selling 6,273 shares during the quarter. Hilton Capital Management LLC owned approximately 0.07% of DigitalBridge Group worth $1,764,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DBRG. nVerses Capital LLC lifted its stake in shares of DigitalBridge Group by 633.3% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $34,000. Central Pacific Bank Trust Division acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at $35,000. Blue Trust Inc. lifted its stake in shares of DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after purchasing an additional 2,408 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of DigitalBridge Group by 33,627.3% in the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after purchasing an additional 7,398 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DBRG shares. Raymond James cut their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 5th. Truist Financial cut their price target on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft cut 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. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.13.

DigitalBridge Group Stock Down 1.7 %

DBRG opened at $12.34 on Wednesday. The company has a fifty day simple moving average of $14.40 and a 200 day simple moving average of $13.62. The stock has a market cap of $2.15 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.23 and a beta of 1.94. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99.

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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

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.