DigitalBridge Group (NYSE:DBRG) Earns Outperform Rating from Analysts at JMP Securities

JMP Securities started coverage on shares of DigitalBridge Group (NYSE:DBRG) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $16.00 price objective on the stock.

Several other equities research analysts have also issued reports on DBRG. Wells Fargo & Company dropped their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. B. Riley decreased their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Raymond James cut their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Finally, Truist Financial decreased their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $16.67.

DigitalBridge Group Stock Down 0.1 %

NYSE:DBRG opened at $10.45 on Monday. The stock has a market cap of $1.82 billion, a P/E ratio of 14.31, a PEG ratio of 3.10 and a beta of 1.91. The business’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $12.99. DigitalBridge Group has a twelve month low of $10.24 and a twelve month high of $20.99.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DBRG. Fulton Bank N.A. increased its stake in shares of DigitalBridge Group by 3.2% during the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock valued at $401,000 after purchasing an additional 878 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of DigitalBridge Group in the 3rd quarter worth approximately $34,000. Blue Trust Inc. raised its stake in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after buying an additional 2,408 shares during the last quarter. Stoneridge Investment Partners LLC raised its stake in DigitalBridge Group by 22.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock valued at $148,000 after buying an additional 2,408 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in DigitalBridge Group in the third quarter worth $35,000. 92.69% of the stock is currently owned by institutional investors.

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.