283,232 Shares in DigitalBridge Group, Inc. $DBRG Purchased by Aberdeen Group plc

Aberdeen Group plc bought a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 283,232 shares of the company’s stock, valued at approximately $3,220,000. Aberdeen Group plc owned 0.16% of DigitalBridge Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of DigitalBridge Group in the second quarter valued at approximately $1,868,000. Azora Capital LP purchased a new position in DigitalBridge Group in the 2nd quarter valued at approximately $23,579,000. Gateway Wealth Partners LLC purchased a new position in DigitalBridge Group in the 3rd quarter valued at approximately $5,483,000. Sarasin & Partners LLP acquired a new position in shares of DigitalBridge Group in the third quarter worth $1,886,000. Finally, Nordea Investment Management AB increased its position 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 worth $3,849,000 after acquiring an additional 64,474 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 0.0%

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, January 21st. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. B. Riley Financial lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.00 to $16.00 in a research note on Tuesday, December 30th. Finally, Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.