JMP Securities Begins Coverage on DigitalBridge Group (NYSE:DBRG)

JMP Securities began coverage on shares of DigitalBridge Group (NYSE:DBRG - Free Report) in a report published on Monday, MarketBeat.com reports. The brokerage issued an outperform rating and a $16.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. B. Riley cut 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 report on Tuesday, January 7th. Truist Financial cut their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, December 11th. Raymond James decreased their price objective 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. Keefe, Bruyette & Woods cut DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company decreased 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $16.67.

DigitalBridge Group Stock Down 6.1 %

Shares of NYSE:DBRG traded down $0.71 during trading on Monday, reaching $10.90. 5,042,309 shares of the company traded hands, compared to its average volume of 2,286,351. The firm has a market capitalization of $1.90 billion, a PE ratio of 14.92, a PEG ratio of 3.10 and a beta of 1.91. DigitalBridge Group has a 52 week low of $10.25 and a 52 week high of $20.99. The company's 50 day moving average is $11.72 and its two-hundred day moving average is $13.03.

Institutional Investors Weigh In On DigitalBridge Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in DigitalBridge Group by 24.9% in 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 acquiring an additional 271,853 shares during the period. Geode Capital Management LLC grew its stake in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after purchasing an additional 317,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 purchasing an additional 158,790 shares during the period. Horizon Kinetics Asset Management LLC bought a new position in DigitalBridge Group during the 3rd quarter worth $6,538,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in DigitalBridge Group by 482.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company's stock worth $2,046,000 after buying an additional 119,922 shares during the period. 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.