DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Rating of “Buy” by Brokerages

DigitalBridge Group, Inc. (NYSE:DBRG) has received an average rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.67.

Several equities research analysts have weighed in on the company. Truist Financial reduced their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 price objective on the stock. Wells Fargo & Company reduced their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $10.99 on Wednesday. The business’s 50 day moving average is $11.61 and its two-hundred day moving average is $12.93. DigitalBridge Group has a 1-year low of $10.24 and a 1-year high of $20.99. The stock has a market capitalization of $1.91 billion, a P/E ratio of 15.05, a PEG ratio of 2.83 and a beta of 1.91.

Institutional Trading of DigitalBridge Group

A number of large investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in shares of DigitalBridge Group by 36.4% in the fourth quarter. New York State Common Retirement Fund now owns 437,113 shares of the company’s stock valued at $4,931,000 after purchasing an additional 116,610 shares during the period. Peregrine Capital Management LLC boosted its holdings in shares of DigitalBridge Group by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 503,142 shares of the company’s stock valued at $5,675,000 after purchasing an additional 8,994 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of DigitalBridge Group by 72.3% in the fourth quarter. Sanctuary Advisors LLC now owns 377,989 shares of the company’s stock valued at $4,105,000 after purchasing an additional 158,647 shares during the period. Ellis Investment Partners LLC boosted its holdings in shares of DigitalBridge Group by 9.9% in the fourth quarter. Ellis Investment Partners LLC now owns 51,015 shares of the company’s stock valued at $575,000 after purchasing an additional 4,589 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.