DigitalBridge Group (NYSE:DBRG – Get Free Report) had its price target raised by analysts at Truist Financial from $13.00 to $15.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 35.87% from the stock’s previous close.
Several other analysts have also commented on DBRG. Wells Fargo & Company lifted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $16.28.
Check Out Our Latest Analysis on DBRG
DigitalBridge Group Price Performance
Institutional Investors Weigh In On DigitalBridge Group
Institutional investors have recently added to or reduced their stakes in the stock. Horizon Kinetics Asset Management LLC lifted its holdings in shares of DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock worth $50,572,000 after buying an additional 4,020,627 shares in the last quarter. Lazard Asset Management LLC increased its holdings in DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company’s stock valued at $37,753,000 after acquiring an additional 2,656,100 shares during the last quarter. Lind Value II ApS purchased a new stake in DigitalBridge Group in the 1st quarter worth $17,479,000. Brown Advisory Inc. lifted its stake in DigitalBridge Group by 78.2% in the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company’s stock worth $41,273,000 after purchasing an additional 1,605,391 shares in the last quarter. Finally, Clearline Capital LP boosted its holdings in shares of DigitalBridge Group by 189.8% during the 1st quarter. Clearline Capital LP now owns 2,286,782 shares of the company’s stock valued at $20,169,000 after purchasing an additional 1,497,664 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other 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.
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