Householder Group Estate & Retirement Specialist LLC Sells 7,095 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Householder Group Estate & Retirement Specialist LLC lowered its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 494,697 shares of the company’s stock after selling 7,095 shares during the period. DigitalBridge Group makes up about 4.2% of Householder Group Estate & Retirement Specialist LLC’s portfolio, making the stock its 5th largest position. Householder Group Estate & Retirement Specialist LLC’s holdings in DigitalBridge Group were worth $5,580,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group in the third quarter valued at approximately $34,000. Central Pacific Bank Trust Division bought a new stake in shares of DigitalBridge Group during the 3rd quarter valued at $35,000. Blue Trust Inc. lifted its position in shares of DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares during the period. nVerses Capital LLC grew its holdings in shares of DigitalBridge Group by 145.5% during the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock worth $76,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of DigitalBridge Group by 321.0% in the third quarter. Quest Partners LLC now owns 9,309 shares of the company’s stock worth $132,000 after purchasing an additional 7,098 shares during the period. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

NYSE DBRG opened at $11.27 on Friday. The firm’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $13.12. The stock has a market cap of $1.96 billion, a PE ratio of 15.43, a PEG ratio of 3.13 and a beta of 1.91. DigitalBridge Group, Inc. has a fifty-two week low of $10.25 and a fifty-two week high of $20.99.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Truist Financial reduced their target price on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.38.

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.