Stoneridge Investment Partners LLC Acquires 2,408 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Stoneridge Investment Partners LLC grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,116 shares of the company’s stock after acquiring an additional 2,408 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in DigitalBridge Group were worth $148,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DBRG shares. B. Riley decreased their target price 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. JMP Securities started coverage on DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Wells Fargo & Company reduced their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Raymond James dropped their price objective 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. Finally, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Down 1.2 %

Shares of DBRG stock opened at $10.78 on Friday. DigitalBridge Group, Inc. has a twelve month low of $10.24 and a twelve month high of $20.99. The business has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $12.82. The company has a market cap of $1.88 billion, a P/E ratio of 14.77, a P/E/G ratio of 2.95 and a beta of 1.91.

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.