DigitalBridge Group (NYSE:DBRG) Price Target Lowered to $18.00 at Wells Fargo & Company

DigitalBridge Group (NYSE:DBRG) had its price objective reduced by Wells Fargo & Company from $20.00 to $18.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 46.94% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $17.00 price target (down previously from $21.00) on shares of DigitalBridge Group in a research note on Tuesday, June 18th. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 price target on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating for the company in a research report on Tuesday, June 18th. JPMorgan Chase & Co. cut their target price on DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Truist Financial decreased their price target on shares of DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and a consensus target price of $20.22.

DigitalBridge Group Stock Down 1.8 %

DBRG stock opened at $12.25 on Tuesday. The stock’s fifty day simple moving average is $13.38 and its 200-day simple moving average is $16.16. DigitalBridge Group has a 52-week low of $12.12 and a 52-week high of $20.99. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.38 and a beta of 2.00.

Institutional Trading of DigitalBridge Group

A number of institutional investors and hedge funds have recently made changes to their positions in DBRG. nVerses Capital LLC boosted its position in DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares during the period. Quarry LP acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at $41,000. Headlands Technologies LLC grew its position in shares of DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after acquiring an additional 7,398 shares during the last quarter. CWM LLC increased its holdings in shares of DigitalBridge Group by 59.9% in the 4th quarter. CWM LLC now owns 8,371 shares of the company’s stock worth $147,000 after acquiring an additional 3,135 shares during the period. Finally, Bfsg LLC acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth about $171,000. 92.69% of the stock is currently 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.