DigitalBridge Group (NYSE:DBRG) Coverage Initiated by Analysts at JMP Securities

JMP Securities started coverage on shares of DigitalBridge Group (NYSE:DBRG) in a research note published on Monday, Marketbeat reports. The firm issued an outperform rating and a $16.00 price objective on the stock.

Several other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Raymond James cut their target price on 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, Truist Financial dropped their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $16.67.

DigitalBridge Group Price Performance

DBRG opened at $10.90 on Monday. The company has a market capitalization of $1.90 billion, a P/E ratio of 14.92, a P/E/G ratio of 3.10 and a beta of 1.91. The firm’s fifty day moving average price is $11.72 and its two-hundred day moving average price is $13.03. DigitalBridge Group has a fifty-two week low of $10.25 and a fifty-two week high of $20.99.

Institutional Investors Weigh In On DigitalBridge Group

Several institutional investors have recently modified their holdings of DBRG. Private Management Group Inc. lifted its position in DigitalBridge Group by 4.5% during the 4th quarter. Private Management Group Inc. now owns 1,483,594 shares of the company’s stock worth $16,735,000 after acquiring an additional 63,884 shares during the period. Choreo LLC purchased a new stake in DigitalBridge Group during the 4th quarter worth approximately $176,000. Spirit of America Management Corp NY increased its stake in DigitalBridge Group by 12.8% during the 4th quarter. Spirit of America Management Corp NY now owns 44,000 shares of the company’s stock worth $496,000 after buying an additional 5,000 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of DigitalBridge Group during the 4th quarter worth approximately $506,000. Finally, LB Partners LLC acquired a new position in shares of DigitalBridge Group during the 4th quarter worth approximately $2,820,000. 92.69% of the stock is owned by institutional investors.

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.