DigitalBridge Group, Inc. (NYSE:DBRG) Receives $16.67 Consensus Target Price from Analysts

DigitalBridge Group, Inc. (NYSE:DBRG) has been given a consensus recommendation of “Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.67.

A number of equities research analysts have weighed in on DBRG shares. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Raymond James decreased their price target 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. JMP Securities started coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price objective on the stock. Wells Fargo & Company reduced 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. Finally, Truist Financial lowered their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th.

Institutional Investors Weigh In On DigitalBridge Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group in the 3rd quarter valued at about $34,000. Central Pacific Bank Trust Division purchased a new position in DigitalBridge Group in the third quarter valued at about $35,000. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at approximately $37,000. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 2,408 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $10.76 on Wednesday. DigitalBridge Group has a 12 month low of $10.24 and a 12 month high of $20.99. The firm has a market capitalization of $1.87 billion, a P/E ratio of 14.75, a P/E/G ratio of 2.97 and a beta of 1.91. The company’s fifty day moving average price is $11.53 and its 200 day moving average price is $12.89.

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.