DigitalBridge Group (NYSE:DBRG) Sets New 1-Year Low – Here’s What Happened

DigitalBridge Group, Inc. (NYSE:DBRG) shares reached a new 52-week low on Wednesday . The company traded as low as $10.20 and last traded at $10.33, with a volume of 199630 shares. The stock had previously closed at $10.49.

Analysts Set New Price Targets

A number of research firms have weighed in on DBRG. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Raymond James dropped their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. JMP Securities began coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. Truist Financial dropped their price target 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, JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Trading Down 1.4 %

The firm’s fifty day moving average price is $11.18 and its 200 day moving average price is $12.73. The firm has a market capitalization of $1.78 billion, a PE ratio of 14.01, a PEG ratio of 2.95 and a beta of 1.91.

Institutional Investors Weigh In On DigitalBridge Group

A number of large investors have recently bought and sold shares of DBRG. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group during the third quarter valued at about $34,000. Spire Wealth Management acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at about $37,000. Manchester Capital Management LLC raised its position in shares of DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. Blue Trust Inc. raised its position in shares of DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after buying an additional 2,408 shares during the last quarter. Finally, nVerses Capital LLC raised its position in shares of 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 buying an additional 3,200 shares during the last quarter. 92.69% of the stock is currently owned by 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.