DigitalBridge Group, Inc. (NYSE:DBRG) Receives Consensus Recommendation of "Buy" from Analysts

Shares of DigitalBridge Group, Inc. (NYSE:DBRG - Get Free Report) have earned an average rating of "Buy" from the ten research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.67.

A number of equities analysts recently weighed in on DBRG shares. JPMorgan Chase & Co. lowered their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Truist Financial dropped their price objective on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods lowered DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Raymond James cut their price target 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. Finally, B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th.

Institutional Investors Weigh In On DigitalBridge Group

Several institutional investors have recently modified their holdings of DBRG. American Century Companies Inc. lifted its holdings in DigitalBridge Group by 65.9% during the 2nd quarter. American Century Companies Inc. now owns 79,368 shares of the company's stock worth $1,087,000 after buying an additional 31,530 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in DigitalBridge Group by 54.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company's stock valued at $36,797,000 after purchasing an additional 952,408 shares in the last quarter. Xponance Inc. purchased a new position in DigitalBridge Group in the second quarter valued at approximately $138,000. The Manufacturers Life Insurance Company raised its holdings in DigitalBridge Group by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 94,155 shares of the company's stock worth $1,290,000 after purchasing an additional 4,005 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of DigitalBridge Group during the 2nd quarter worth approximately $641,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Up 1.2 %

DBRG stock traded up $0.13 during mid-day trading on Wednesday, hitting $10.99. 2,078,913 shares of the company were exchanged, compared to its average volume of 2,141,462. DigitalBridge Group has a 12-month low of $10.24 and a 12-month high of $20.99. The firm has a market capitalization of $1.91 billion, a P/E ratio of 15.05, a PEG ratio of 2.83 and a beta of 1.91. The business has a fifty day simple moving average of $11.61 and a 200-day simple moving average of $12.94.

About DigitalBridge Group

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.