DigitalBridge Group (NYSE:DBRG) Coverage Initiated at JMP Securities

JMP Securities started coverage on shares of DigitalBridge Group (NYSE:DBRG) in a report released on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $16.00 price target on the stock.

Several other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. Raymond James dropped their price target on shares of 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. B. Riley dropped their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Truist Financial dropped their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, seven have given 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 a consensus price target of $16.67.

DigitalBridge Group Stock Down 6.1 %

Shares of NYSE:DBRG opened at $10.90 on Monday. The company has a market cap of $1.90 billion, a P/E ratio of 14.92, a PEG ratio of 3.10 and a beta of 1.91. DigitalBridge Group has a 52 week low of $10.25 and a 52 week high of $20.99. The company has a 50-day moving average price of $11.72 and a 200 day moving average price of $13.03.

Hedge Funds Weigh In On DigitalBridge Group

Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in shares of DigitalBridge Group in the third quarter worth about $34,000. Central Pacific Bank Trust Division bought a new position in shares of DigitalBridge Group in the third quarter worth about $35,000. Spire Wealth Management bought a new position in shares of DigitalBridge Group in the fourth quarter worth about $37,000. Blue Trust Inc. raised its stake in shares of DigitalBridge Group by 179.2% in the third 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. Finally, nVerses Capital LLC raised its stake in shares of DigitalBridge Group by 145.5% in the third 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. 92.69% of the stock is owned by institutional investors.

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.