DigitalBridge Group, Inc. (NYSE:DBRG) Receives Consensus Recommendation of “Buy” from Brokerages

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

A number of research firms recently issued reports on DBRG. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company decreased their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Truist Financial decreased 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 report on Wednesday, December 11th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday. Finally, Raymond James decreased 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 report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in shares of DigitalBridge Group in the third quarter valued at approximately $34,000. Central Pacific Bank Trust Division bought a new position in shares of DigitalBridge Group in the third quarter valued at approximately $35,000. Spire Wealth Management bought a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $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 valued at $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 valued at $76,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 4.4 %

NYSE:DBRG opened at $10.44 on Wednesday. DigitalBridge Group has a 1 year low of $10.25 and a 1 year high of $20.99. The firm’s fifty day simple moving average is $11.68 and its 200 day simple moving average is $13.01. The firm 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.

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.