DigitalBridge Group, Inc. (NYSE:DBRG) Receives Average Rating of “Hold” from Brokerages

DigitalBridge Group, Inc. (NYSE:DBRG) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of equities research analysts have recently commented on the company. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, January 21st. Finally, B. Riley Financial downgraded shares of DigitalBridge Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $16.00 in a research report on Tuesday, December 30th.

Hedge Funds Weigh In On DigitalBridge Group

A number of large investors have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of DigitalBridge Group by 2.5% in the third quarter. CWM LLC now owns 31,239 shares of the company’s stock valued at $365,000 after purchasing an additional 755 shares in the last quarter. Teacher Retirement System of Texas raised its position in DigitalBridge Group by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 26,468 shares of the company’s stock valued at $274,000 after buying an additional 1,031 shares during the last quarter. Stoneridge Investment Partners LLC raised its position in DigitalBridge Group by 7.9% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock valued at $166,000 after buying an additional 1,037 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in DigitalBridge Group by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Cetera Trust Company N.A boosted its position in DigitalBridge Group by 6.2% during the 2nd quarter. Cetera Trust Company N.A now owns 21,075 shares of the company’s stock worth $218,000 after acquiring an additional 1,225 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 0.1%

Shares of DigitalBridge Group stock opened at $15.44 on Friday. The stock’s fifty day simple moving average is $14.45 and its 200 day simple moving average is $12.40. The company has a market capitalization of $2.82 billion, a PE ratio of 257.38 and a beta of 1.70. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $15.55.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.