DigitalBridge Group (NYSE:DBRG) Coverage Initiated at JMP Securities

Equities researchers at JMP Securities started coverage on shares of DigitalBridge Group (NYSE:DBRG) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $16.00 price target on the stock. JMP Securities’ target price suggests a potential upside of 37.87% from the stock’s current price.

A number of other brokerages have also issued reports on DBRG. B. Riley cut their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Raymond James cut their target price on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company cut their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Truist Financial lowered their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock 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 one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock opened at $11.61 on Monday. The stock has a market cap of $2.02 billion, a P/E ratio of 15.90, a P/E/G ratio of 3.10 and a beta of 1.91. The stock’s fifty day moving average is $11.76 and its 200 day moving average is $13.05. DigitalBridge Group has a one year low of $10.25 and a one year high of $20.99.

Institutional Trading of DigitalBridge Group

A number of large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group in the 3rd quarter valued at about $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group in the third quarter worth approximately $35,000. Spire Wealth Management purchased a new stake in DigitalBridge Group during the fourth quarter worth $37,000. Blue Trust Inc. boosted its position in DigitalBridge Group by 179.2% during the 3rd 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 in the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of DigitalBridge Group by 145.5% in the 3rd 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 period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.