Choreo LLC Invests $176,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

Choreo LLC bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,599 shares of the company’s stock, valued at approximately $176,000.

A number of other hedge funds also recently added to or reduced their stakes in DBRG. Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group in the 3rd quarter valued at $34,000. Blue Trust Inc. grew its stake in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after buying an additional 2,408 shares during the last quarter. Ellis Investment Partners LLC grew its stake in DigitalBridge Group by 5.7% during the 3rd quarter. Ellis Investment Partners LLC now owns 46,426 shares of the company’s stock worth $656,000 after buying an additional 2,500 shares during the last quarter. KBC Group NV increased its position 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 in the last quarter. Finally, Atria Investments Inc raised its stake in DigitalBridge Group by 27.3% in the third quarter. Atria Investments Inc now owns 13,569 shares of the company’s stock valued at $192,000 after buying an additional 2,913 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DBRG. B. Riley dropped their target price 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. JPMorgan Chase & Co. reduced their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Truist Financial decreased their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $16.67.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $10.18 on Friday. The firm has a market cap of $1.77 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.95 and a beta of 1.91. The company has a 50-day moving average of $11.13 and a two-hundred day moving average of $12.69. DigitalBridge Group, Inc. has a 1-year low of $10.15 and a 1-year high of $20.79.

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.