DigitalBridge Group (NYSE:DBRG) Upgraded by Citizens Jmp to Strong-Buy Rating

Citizens Jmp upgraded shares of DigitalBridge Group (NYSE:DBRG) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Truist Financial reduced their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Raymond James reduced their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Finally, B. Riley lowered their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Down 6.1 %

NYSE:DBRG opened at $10.90 on Monday. The company has a market capitalization of $1.90 billion, a PE ratio of 14.92, a P/E/G ratio of 3.10 and a beta of 1.91. DigitalBridge Group has a 52-week low of $10.25 and a 52-week high of $20.99. The stock’s 50 day moving average price is $11.72 and its 200 day moving average price is $13.03.

Hedge Funds Weigh In On DigitalBridge Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of DigitalBridge Group by 12.0% in the third quarter. State Street Corp now owns 4,427,379 shares of the company’s stock valued at $62,603,000 after purchasing an additional 474,101 shares during the period. Geode Capital Management LLC grew its holdings in shares of DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after acquiring an additional 317,776 shares during the period. New South Capital Management Inc. increased its stake in DigitalBridge Group by 0.3% in the 3rd quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company’s stock valued at $55,675,000 after purchasing an additional 10,441 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in DigitalBridge Group by 27.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock worth $51,442,000 after purchasing an additional 791,506 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in DigitalBridge Group by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company’s stock valued at $41,412,000 after purchasing an additional 34,168 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

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.