DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lifted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 621,341 shares of the company’s stock after purchasing an additional 150,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in DigitalBridge Group were worth $7,009,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DBRG. Meeder Asset Management Inc. purchased a new stake in shares of DigitalBridge Group in the third quarter valued at $34,000. Blue Trust Inc. raised its position in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after buying an additional 2,408 shares during the period. Stoneridge Investment Partners LLC lifted its stake in DigitalBridge Group by 22.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock worth $148,000 after acquiring an additional 2,408 shares in the last quarter. Ellis Investment Partners LLC lifted its stake in DigitalBridge Group by 5.7% in the 3rd quarter. Ellis Investment Partners LLC now owns 46,426 shares of the company’s stock worth $656,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in DigitalBridge Group by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 81,447 shares of the company’s stock worth $1,116,000 after acquiring an additional 2,747 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DBRG has been the topic of a number of research reports. B. Riley dropped their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. 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 cut their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. 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’s stock. Based on data from MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Price Performance

NYSE DBRG opened at $10.50 on Wednesday. DigitalBridge Group, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $20.99. The stock’s 50-day moving average is $11.29 and its two-hundred day moving average is $12.77. The firm has a market cap of $1.83 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.95 and a beta of 1.91.

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.