DigitalBridge Group, Inc. (NYSE:DBRG) Stock Holdings Lifted by Spirit of America Management Corp NY

Spirit of America Management Corp NY boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Spirit of America Management Corp NY’s holdings in DigitalBridge Group were worth $496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DBRG. Meeder Asset Management Inc. purchased a new position in DigitalBridge Group during the 3rd quarter worth approximately $34,000. Spire Wealth Management purchased a new position in shares of DigitalBridge Group during the 4th quarter valued at $37,000. Blue Trust Inc. increased its stake in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the last quarter. nVerses Capital LLC boosted its position in DigitalBridge Group by 145.5% during the third quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock valued at $76,000 after purchasing an additional 3,200 shares during the last quarter. Finally, KBC Group NV grew its stake in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after purchasing an additional 2,750 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Up 2.1 %

DBRG opened at $10.76 on Wednesday. The stock has a market cap of $1.87 billion, a PE ratio of 14.75, a P/E/G ratio of 2.97 and a beta of 1.91. DigitalBridge Group, Inc. has a 1 year low of $10.24 and a 1 year high of $20.99. The stock’s 50 day simple moving average is $11.53 and its 200-day simple moving average is $12.89.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DBRG shares. Wells Fargo & Company reduced their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. Raymond James dropped their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Truist Financial dropped their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. One equities 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $16.67.

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.