DigitalBridge Group (NYSE:DBRG) Given New $15.00 Price Target at Truist Financial

DigitalBridge Group (NYSE:DBRG) had its price objective decreased by investment analysts at Truist Financial from $17.00 to $15.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 21.21% from the stock’s current price.

A number of other brokerages also recently commented on DBRG. JPMorgan Chase & Co. increased their price target on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Raymond James reduced their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company reduced their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, DigitalBridge Group has an average rating of “Buy” and a consensus price target of $17.88.

DigitalBridge Group Stock Performance

DBRG stock opened at $12.38 on Wednesday. DigitalBridge Group has a 1 year low of $11.07 and a 1 year high of $20.99. The firm has a market cap of $2.16 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 14.43 and a beta of 1.89. The stock has a 50-day simple moving average of $13.90 and a 200-day simple moving average of $13.47.

Institutional Trading of DigitalBridge Group

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock valued at $19,281,000 after purchasing an additional 271,853 shares during the last quarter. Holocene Advisors LP bought a new position in shares of DigitalBridge Group during the third quarter valued at approximately $3,466,000. Horizon Kinetics Asset Management LLC bought a new position in shares of DigitalBridge Group during the third quarter valued at approximately $6,538,000. Sei Investments Co. grew its holdings in shares of DigitalBridge Group by 121.1% during the second quarter. Sei Investments Co. now owns 669,601 shares of the company’s stock valued at $9,174,000 after purchasing an additional 366,745 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of DigitalBridge Group by 482.6% during the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock valued at $2,046,000 after purchasing an additional 119,922 shares during the last quarter. Institutional investors and hedge funds 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.