DigitalBridge Group (NYSE:DBRG) Upgraded by Citizens Jmp to "Strong-Buy" Rating

DigitalBridge Group (NYSE:DBRG - Get Free Report) was upgraded by equities research analysts at Citizens Jmp to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

DBRG has been the subject of several other reports. Truist Financial lowered their target price on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. JMP Securities initiated coverage on shares of DigitalBridge Group in a report on Monday. They issued an "outperform" rating and a $16.00 price target for the company. Wells Fargo & Company dropped their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $16.67.

DigitalBridge Group Stock Up 1.2 %

DBRG traded up $0.13 during trading hours on Monday, reaching $10.99. 2,062,054 shares of the company's stock traded hands, compared to its average volume of 2,353,443. The firm has a 50-day moving average price of $11.64 and a 200 day moving average price of $12.98. The firm has a market capitalization of $1.91 billion, a PE ratio of 15.05, a PEG ratio of 2.83 and a beta of 1.91. DigitalBridge Group has a 52-week low of $10.24 and a 52-week high of $20.99.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of DigitalBridge Group by 24.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock worth $19,281,000 after buying an additional 271,853 shares during the last quarter. 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 valued at $58,895,000 after buying an additional 317,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of DigitalBridge Group by 101.9% during 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 worth $4,445,000 after purchasing an additional 158,790 shares in the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in shares of DigitalBridge Group in the third quarter valued at approximately $6,538,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of 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 last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

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.