DigitalBridge Group (NYSE:DBRG) Upgraded by Citizens Jmp to Strong-Buy Rating

Citizens Jmp upgraded shares of DigitalBridge Group (NYSE:DBRGFree Report) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on DBRG. Truist Financial dropped their price objective 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. JMP Securities assumed coverage on shares of DigitalBridge Group in a research report on Monday. They issued an “outperform” rating and a $16.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Raymond James lowered their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and a consensus price target of $16.67.

Check Out Our Latest Report on DBRG

DigitalBridge Group Price Performance

DBRG stock opened at $10.45 on Monday. The company has a 50 day moving average price of $11.66 and a 200 day moving average price of $12.99. DigitalBridge Group has a fifty-two week low of $10.24 and a fifty-two week high of $20.99. The stock has a market capitalization of $1.82 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 3.10 and a beta of 1.91.

Hedge Funds Weigh In On DigitalBridge Group

Several institutional investors and hedge funds have recently made changes to their positions in DBRG. State Street Corp boosted its stake in DigitalBridge Group by 12.0% in the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company’s stock worth $62,603,000 after purchasing an additional 474,101 shares during the period. Geode Capital Management LLC boosted its stake in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after purchasing an additional 317,776 shares during the period. New South Capital Management Inc. boosted its stake in DigitalBridge Group by 0.3% in the 3rd quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company’s stock worth $55,675,000 after purchasing an additional 10,441 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in DigitalBridge Group by 27.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company’s stock worth $51,442,000 after purchasing an additional 791,506 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in DigitalBridge Group by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company’s stock worth $41,412,000 after purchasing an additional 34,168 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

About DigitalBridge Group

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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.

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Analyst Recommendations for DigitalBridge Group (NYSE:DBRG)

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