DigitalBridge Group (NYSE:DBRG) Upgraded to “Strong-Buy” at Citizens Jmp

DigitalBridge Group (NYSE:DBRG) was upgraded by research analysts at Citizens Jmp to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Wells Fargo & Company cut their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Truist Financial reduced their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. 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. JMP Securities started coverage on shares of DigitalBridge Group in a research note on Monday. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Raymond James dropped their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Down 6.1 %

NYSE DBRG opened at $10.90 on Monday. DigitalBridge Group has a twelve month low of $10.25 and a twelve month high of $20.99. The firm has a market capitalization of $1.90 billion, a PE ratio of 14.92, a P/E/G ratio of 3.10 and a beta of 1.91. The stock’s 50 day moving average is $11.72 and its 200 day moving average is $13.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in DigitalBridge Group by 24.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock valued at $19,281,000 after buying an additional 271,853 shares during the last quarter. Geode Capital Management LLC increased its position in DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after acquiring an additional 317,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in DigitalBridge Group by 101.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock valued at $4,445,000 after acquiring an additional 158,790 shares during the period. Horizon Kinetics Asset Management LLC bought a new stake in shares of DigitalBridge Group during the 3rd quarter valued at about $6,538,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of DigitalBridge Group by 482.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock valued at $2,046,000 after purchasing an additional 119,922 shares during the last quarter. 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.