DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.67 Average Target Price from Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.67.

A number of equities analysts have recently issued reports on DBRG shares. Wells Fargo & Company dropped their price target 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. 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 research note on Wednesday, December 11th. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note 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 research note on Tuesday, November 5th. Finally, B. Riley dropped their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On DigitalBridge Group

Several institutional investors and hedge funds have recently bought and sold shares of DBRG. State Street Corp lifted its position in shares of DigitalBridge Group by 12.0% in the third quarter. State Street Corp now owns 4,427,379 shares of the company’s stock valued at $62,603,000 after acquiring an additional 474,101 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after acquiring an additional 317,776 shares in the last quarter. New South Capital Management Inc. lifted its position in shares of DigitalBridge Group by 0.3% in the third quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company’s stock valued at $55,675,000 after acquiring an additional 10,441 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of DigitalBridge Group by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock valued at $51,442,000 after acquiring an additional 791,506 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of DigitalBridge Group by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company’s stock worth $41,412,000 after purchasing an additional 34,168 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Up 1.2 %

DigitalBridge Group stock opened at $10.99 on Wednesday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 2.83 and a beta of 1.91. The stock has a fifty day simple moving average of $11.61 and a two-hundred day simple moving average of $12.93. DigitalBridge Group has a 12 month low of $10.24 and a 12 month high of $20.99.

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.