Blue Trust Inc. Has $112,000 Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Blue Trust Inc. grew its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 164.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,905 shares of the company’s stock after purchasing an additional 6,153 shares during the quarter. Blue Trust Inc.’s holdings in DigitalBridge Group were worth $112,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Potrero Capital Research LLC acquired a new stake in DigitalBridge Group during the third quarter worth approximately $20,201,000. Massachusetts Financial Services Co. MA increased its stake in DigitalBridge Group by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock valued at $51,442,000 after acquiring an additional 791,506 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of DigitalBridge Group during the 3rd quarter worth $9,757,000. Clearline Capital LP bought a new position in shares of DigitalBridge Group in the third quarter worth about $7,468,000. Finally, Azora Capital LP acquired a new stake in DigitalBridge Group in the third quarter valued at approximately $7,303,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 0.1 %

Shares of NYSE DBRG opened at $10.92 on Friday. The business has a 50-day moving average of $11.44 and a 200-day moving average of $12.86. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.97 and a beta of 1.91. DigitalBridge Group, Inc. has a 12 month low of $10.24 and a 12 month high of $20.99.

Analysts Set New Price Targets

DBRG has been the subject of several recent research reports. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Raymond James dropped their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. Truist Financial dropped 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 note on Wednesday, December 11th. Wells Fargo & Company reduced 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 note on Monday, November 4th. Finally, JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $16.67.

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.