CenterBook Partners LP Takes $570,000 Position in DigitalBridge Group, Inc. $DBRG

CenterBook Partners LP bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,683 shares of the company’s stock, valued at approximately $570,000.

Several other hedge funds also recently made changes to their positions in DBRG. State of Alaska Department of Revenue bought a new stake in DigitalBridge Group in the 3rd quarter worth $84,000. Captrust Financial Advisors purchased a new stake in shares of DigitalBridge Group during the second quarter worth about $109,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of DigitalBridge Group in the second quarter worth about $113,000. NEOS Investment Management LLC purchased a new position in DigitalBridge Group during the 3rd quarter valued at about $117,000. Finally, Russell Investments Group Ltd. raised its position in DigitalBridge Group by 239.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after purchasing an additional 8,022 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lowered DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $23.00 to $16.00 in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, January 21st. B. Riley Financial downgraded shares of DigitalBridge Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. Keefe, Bruyette & Woods upped their price objective on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a report on Tuesday, December 30th. Finally, TD Cowen lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Tuesday, December 30th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Trading Down 0.0%

NYSE 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 stock’s fifty day moving average price is $14.99 and its 200-day moving average price is $12.72. 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 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.