B. Riley Has Lowered Expectations for DigitalBridge Group (NYSE:DBRG) Stock Price

DigitalBridge Group (NYSE:DBRG - Get Free Report) had its price objective lowered by B. Riley from $24.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley's price objective would suggest a potential upside of 82.48% from the stock's previous close.

Several other research analysts have also weighed in on the company. Keefe, Bruyette & Woods lowered DigitalBridge Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Truist Financial lowered their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Finally, Raymond James lowered 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 report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $17.38.

DigitalBridge Group Stock Down 3.4 %

Shares of DigitalBridge Group stock traded down $0.38 during trading on Tuesday, hitting $10.96. The stock had a trading volume of 1,998,835 shares, compared to its average volume of 1,910,033. DigitalBridge Group has a 1 year low of $10.55 and a 1 year high of $20.99. The stock has a 50 day simple moving average of $12.29 and a 200 day simple moving average of $13.26. The company has a market capitalization of $1.91 billion, a PE ratio of 15.01, a P/E/G ratio of 13.76 and a beta of 1.91.

Institutional Trading of DigitalBridge Group

Several large investors have recently made changes to their positions in DBRG. Nordea Investment Management AB raised its holdings in DigitalBridge Group by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 273,609 shares of the company's stock worth $3,114,000 after acquiring an additional 15,830 shares during the period. Franklin Resources Inc. grew its position in shares of DigitalBridge Group by 33.6% in the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock valued at $2,792,000 after purchasing an additional 45,333 shares during the last quarter. Tidal Investments LLC increased its stake in shares of DigitalBridge Group by 22.8% in the third quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock worth $1,413,000 after purchasing an additional 18,536 shares during the period. Sanctuary Advisors LLC increased its stake in shares of DigitalBridge Group by 10.3% in the third quarter. Sanctuary Advisors LLC now owns 219,342 shares of the company's stock worth $3,099,000 after purchasing an additional 20,486 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of DigitalBridge Group by 8.3% during the 3rd 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. Institutional investors own 92.69% of the company's stock.

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.