DigitalBridge Group (NYSE:DBRG) Given New $20.00 Price Target at B. Riley

DigitalBridge Group (NYSE:DBRG) had its target price lowered by equities researchers at B. Riley from $24.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 75.90% from the company’s current price.

DBRG has been the topic of several other research reports. Truist Financial cut 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. Raymond James cut their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their target price 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. boosted their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group currently has an average rating of “Buy” and a consensus target price of $17.38.

DigitalBridge Group Stock Up 0.4 %

Shares of NYSE:DBRG opened at $11.37 on Tuesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 13.76 and a beta of 1.91. DigitalBridge Group has a 12-month low of $10.55 and a 12-month high of $20.99. The business’s 50 day moving average is $12.40 and its 200 day moving average is $13.27.

Hedge Funds Weigh In On DigitalBridge Group

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in DigitalBridge Group in the 3rd quarter worth about $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group in the 3rd quarter worth about $35,000. Blue Trust Inc. increased its stake in DigitalBridge Group by 179.2% in the 3rd 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. nVerses Capital LLC increased its stake in DigitalBridge Group by 145.5% in the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock worth $76,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in DigitalBridge Group by 33,627.3% in the 2nd 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. 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.