JPMorgan Chase & Co. Lowers DigitalBridge Group (NYSE:DBRG) Price Target to $18.00

DigitalBridge Group (NYSE:DBRG) had its price target decreased by analysts at JPMorgan Chase & Co. from $20.00 to $18.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 56.90% from the stock’s current price.

A number of other analysts have also issued reports on DBRG. Raymond James dropped their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Truist Financial dropped their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. B. Riley reduced their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price objective 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 investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and a consensus price target of $16.75.

DigitalBridge Group Stock Down 2.9 %

Shares of NYSE DBRG opened at $11.47 on Tuesday. DigitalBridge Group has a fifty-two week low of $10.25 and a fifty-two week high of $20.99. The business has a 50 day moving average price of $11.80 and a two-hundred day moving average price of $13.08. The firm has a market cap of $2.00 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 3.05 and a beta of 1.91.

Institutional Investors Weigh In On DigitalBridge Group

Several large investors have recently added to or reduced their stakes in DBRG. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group during the 3rd quarter valued at $34,000. Central Pacific Bank Trust Division acquired a new position in shares of DigitalBridge Group during the third quarter valued at $35,000. Blue Trust Inc. lifted its holdings in DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares during the period. nVerses Capital LLC grew its position in DigitalBridge Group by 145.5% in the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock valued at $76,000 after buying an additional 3,200 shares in the last quarter. Finally, KBC Group NV increased its stake in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

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.