DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.00 Consensus PT from Brokerages

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.00.

A number of equities research analysts recently weighed in on the stock. Citizens Jmp downgraded shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Monday, December 29th. Royal Bank Of Canada lowered DigitalBridge Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $23.00 to $16.00 in a report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, January 21st. Raymond James Financial downgraded DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. Finally, Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th.

Hedge Funds Weigh In On DigitalBridge Group

Several institutional investors have recently modified their holdings of DBRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DigitalBridge Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock valued at $834,000 after purchasing an additional 4,122 shares during the last quarter. Goldman Sachs Group Inc. grew its position in DigitalBridge Group by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after purchasing an additional 693,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of DigitalBridge Group by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock valued at $3,458,000 after purchasing an additional 21,930 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of DigitalBridge Group by 19.4% during the second quarter. KLP Kapitalforvaltning AS now owns 39,975 shares of the company’s stock valued at $414,000 after buying an additional 6,500 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of DigitalBridge Group by 420.5% during the second quarter. CWM LLC now owns 30,484 shares of the company’s stock valued at $316,000 after buying an additional 24,627 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DBRG stock opened at $15.40 on Friday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 256.71 and a beta of 1.70. DigitalBridge Group has a 1-year low of $6.41 and a 1-year high of $15.55. The firm has a fifty day moving average price of $14.69 and a two-hundred day moving average price of $12.47.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.