DigitalBridge Group (NYSE:DBRG) Upgraded at Citizens Jmp

DigitalBridge Group (NYSE:DBRG) was upgraded by research analysts at Citizens Jmp to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on DBRG. JPMorgan Chase & Co. decreased their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Finally, JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday. They set an “outperform” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Trading Down 4.4 %

Shares of NYSE DBRG opened at $10.44 on Monday. The stock has a market capitalization of $1.82 billion, a PE ratio of 14.30, a PEG ratio of 3.10 and a beta of 1.91. The stock has a fifty day simple moving average of $11.68 and a 200-day simple moving average of $13.01. DigitalBridge Group has a twelve month low of $10.25 and a twelve month high of $20.99.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of DigitalBridge Group by 12.0% in the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company’s stock worth $62,603,000 after purchasing an additional 474,101 shares during the period. Geode Capital Management LLC raised its holdings in 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% during the third quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company’s stock worth $55,675,000 after purchasing an additional 10,441 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of DigitalBridge Group by 27.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock worth $51,442,000 after acquiring an additional 791,506 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of DigitalBridge Group by 1.2% during 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 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.