Aberdeen Group plc Invests $3.22 Million in DigitalBridge Group, Inc. $DBRG

Aberdeen Group plc bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the 3rd quarter, Holdings Channel.com reports. The firm bought 283,232 shares of the company’s stock, valued at approximately $3,220,000.

A number of other large investors have also recently made changes to their positions in DBRG. Norges Bank acquired a new position in DigitalBridge Group in the 2nd quarter valued at about $1,868,000. Azora Capital LP acquired a new stake in shares of DigitalBridge Group in the 2nd quarter worth approximately $23,579,000. Gateway Wealth Partners LLC acquired a new position in shares of DigitalBridge Group during the 3rd quarter worth $5,483,000. Sarasin & Partners LLP purchased a new position in shares of DigitalBridge Group during the 3rd quarter worth approximately $1,886,000. Finally, Nordea Investment Management AB boosted its stake in shares of DigitalBridge Group by 24.1% during the third quarter. Nordea Investment Management AB now owns 332,414 shares of the company’s stock valued at $3,849,000 after acquiring an additional 64,474 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, January 21st. Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Royal Bank Of Canada downgraded DigitalBridge Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $23.00 to $16.00 in a report on Tuesday, December 30th. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Price Performance

Shares of DBRG opened at $15.41 on Friday. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $15.55. The firm’s 50 day moving average is $14.99 and its 200-day moving average is $12.71. The stock has a market capitalization of $2.81 billion, a P/E ratio of 256.79 and a beta of 1.70.

About DigitalBridge Group

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.