DigitalBridge Group (NYSE:DBRG) Upgraded at Citizens Jmp

DigitalBridge Group (NYSE:DBRG) was upgraded by equities research analysts at Citizens Jmp to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on DBRG. JMP Securities started coverage on shares of DigitalBridge Group in a research note on Monday. They set an “outperform” rating and a $16.00 target price on the stock. Raymond James dropped 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 report on Tuesday, November 5th. Truist Financial lowered their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Finally, B. Riley lowered their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. One research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Down 6.1 %

Shares of DBRG opened at $10.90 on Monday. DigitalBridge Group has a 52 week low of $10.25 and a 52 week high of $20.99. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 3.10 and a beta of 1.91. The business has a 50-day simple moving average of $11.72 and a two-hundred day simple moving average of $13.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in DigitalBridge Group during the third quarter valued at $34,000. Central Pacific Bank Trust Division bought a new position in shares of DigitalBridge Group in the 3rd quarter valued at about $35,000. Spire Wealth Management purchased a new position in DigitalBridge Group in the fourth quarter worth about $37,000. Blue Trust Inc. increased its stake in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the last quarter. Finally, nVerses Capital LLC raised its position in DigitalBridge Group by 145.5% during the third quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock valued at $76,000 after purchasing an additional 3,200 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

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.