DigitalBridge Group, Inc. (NYSE:DBRG) Given Average Rating of “Hold” by Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.00.

Several equities analysts recently issued reports on DBRG shares. Royal Bank Of Canada cut DigitalBridge Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $23.00 to $16.00 in a report on Tuesday, December 30th. 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. Raymond James Financial cut shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods increased their price objective on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Tuesday, December 30th. Finally, B. Riley Financial cut 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 note on Tuesday, December 30th.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $15.44 on Friday. The stock’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $12.40. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 257.38 and a beta of 1.70. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $15.55.

Institutional Investors Weigh In On DigitalBridge Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBRG. Vanguard Group Inc. boosted its holdings in DigitalBridge Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after buying an additional 116,360 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in DigitalBridge Group by 29.8% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock worth $58,678,000 after acquiring an additional 1,302,150 shares during the last quarter. Portolan Capital Management LLC boosted its stake in DigitalBridge Group by 77.4% during the 3rd quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after acquiring an additional 2,386,066 shares during the last quarter. Invesco Ltd. grew its holdings in DigitalBridge Group by 5.5% during the third quarter. Invesco Ltd. now owns 4,049,310 shares of the company’s stock valued at $47,377,000 after purchasing an additional 212,361 shares during the period. Finally, Geode Capital Management LLC increased its stake in DigitalBridge Group by 5.5% in the second quarter. Geode Capital Management LLC now owns 3,908,311 shares of the company’s stock valued at $40,456,000 after purchasing an additional 204,770 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

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.