Deutsche Bank Aktiengesellschaft Trims DigitalBridge Group (NYSE:DBRG) Target Price to $16.00

DigitalBridge Group (NYSE:DBRG) had its price objective reduced by analysts at Deutsche Bank Aktiengesellschaft from $17.00 to $16.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 30.29% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Raymond James decreased their target price on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their price target on DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $19.00 price target on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. B. Riley dropped their price target on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company dropped their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and an average target price of $19.47.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock traded up $0.05 during trading on Thursday, hitting $12.28. 378,852 shares of the company’s stock traded hands, compared to its average volume of 2,135,307. The stock has a market capitalization of $2.13 billion, a P/E ratio of 7.95, a PEG ratio of 1.38 and a beta of 2.00. The business has a 50-day simple moving average of $13.28 and a 200-day simple moving average of $15.90. DigitalBridge Group has a 1 year low of $12.12 and a 1 year high of $20.99.

Institutional Investors Weigh In On DigitalBridge Group

A number of institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC grew its holdings in shares of DigitalBridge Group by 633.3% during the second 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 last quarter. Quarry LP acquired a new stake in DigitalBridge Group in the fourth quarter worth approximately $41,000. Headlands Technologies LLC lifted its position in DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after purchasing an additional 7,398 shares during the period. Xponance Inc. acquired a new stake in shares of DigitalBridge Group during the 2nd quarter valued at $138,000. Finally, Federated Hermes Inc. lifted its position in shares of DigitalBridge Group by 944.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after acquiring an additional 9,193 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.