DigitalBridge Group (NYSE:DBRG) Raised to Hold at Truist Financial

DigitalBridge Group (NYSE:DBRG) was upgraded by equities research analysts at Truist Financial to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on DBRG. Weiss Ratings upgraded DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods raised their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a report on Tuesday, December 30th. Royal Bank Of Canada lowered shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. Finally, TD Cowen cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Tuesday, December 30th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $16.00.

DigitalBridge Group Trading Up 0.2%

NYSE:DBRG opened at $15.43 on Monday. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $15.55. The stock has a 50-day moving average price of $15.40 and a two-hundred day moving average price of $13.53. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 34.28 and a beta of 1.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DBRG. Purpose Unlimited Inc. acquired a new stake in DigitalBridge Group in the 4th quarter valued at approximately $3,220,000. Hsbc Holdings PLC bought a new stake in DigitalBridge Group in the 4th quarter valued at approximately $18,366,000. Rockefeller Capital Management L.P. boosted its position in DigitalBridge Group by 23.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 438,598 shares of the company’s stock worth $6,728,000 after acquiring an additional 83,786 shares during the last quarter. Corient Private Wealth LLC boosted its position in DigitalBridge Group by 52.1% during the 4th quarter. Corient Private Wealth LLC now owns 20,527 shares of the company’s stock worth $314,000 after acquiring an additional 7,028 shares during the last quarter. Finally, Sentinel Dome Partners LLC bought a new position in shares of DigitalBridge Group during the 4th quarter worth approximately $2,372,000. 92.69% of the stock is currently owned by institutional investors.

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.