Citizens Jmp Upgrades DigitalBridge Group (NYSE:DBRG) to Strong-Buy

DigitalBridge Group (NYSE:DBRG) was upgraded by analysts at Citizens Jmp to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on DBRG. 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 DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company dropped their target price 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. Finally, B. Riley decreased their price target 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Price Performance

Shares of DBRG opened at $10.44 on Monday. The stock’s fifty day moving average price is $11.68 and its two-hundred day moving average price is $13.01. DigitalBridge Group has a 1 year low of $10.25 and a 1 year high of $20.99. The firm has a market cap of $1.82 billion, a PE ratio of 14.30, a PEG ratio of 3.10 and a beta of 1.91.

Hedge Funds Weigh In On DigitalBridge Group

Several institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its stake in DigitalBridge Group by 65.9% in the second quarter. American Century Companies Inc. now owns 79,368 shares of the company’s stock valued at $1,087,000 after buying an additional 31,530 shares during the last quarter. Dimensional Fund Advisors LP grew 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 during the period. Xponance Inc. acquired a new stake in shares of DigitalBridge Group in the second quarter valued at about $138,000. The Manufacturers Life Insurance Company lifted its position in shares of DigitalBridge Group by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 94,155 shares of the company’s stock valued at $1,290,000 after acquiring an additional 4,005 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of DigitalBridge Group in the second quarter valued at about $641,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

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.