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

DigitalBridge Group, Inc. (NYSE:DBRG) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, seven have issued 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 ratings on the stock in the last year is $16.67.

DBRG has been the topic of several research reports. Raymond James lowered their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. Truist Financial reduced their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. JMP Securities started coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th.

DigitalBridge Group Trading Up 2.1 %

NYSE:DBRG opened at $10.76 on Wednesday. The company has a market capitalization of $1.87 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 2.97 and a beta of 1.91. The firm has a 50-day moving average price of $11.53 and a two-hundred day moving average price of $12.89. DigitalBridge Group has a twelve month low of $10.24 and a twelve month high of $20.99.

Hedge Funds Weigh In On DigitalBridge Group

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group during the 3rd quarter worth approximately $34,000. Central Pacific Bank Trust Division purchased a new position in DigitalBridge Group in the 3rd quarter worth approximately $35,000. Spire Wealth Management purchased a new stake in DigitalBridge Group during the 4th quarter worth $37,000. Blue Trust Inc. boosted its holdings in DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after purchasing an additional 2,408 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after buying an additional 2,765 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other 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.