B. Riley Lowers DigitalBridge Group (NYSE:DBRG) Price Target to $20.00

DigitalBridge Group (NYSE:DBRG) had its price objective dropped by equities research analysts at B. Riley from $24.00 to $20.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 83.82% from the stock’s current price.

A number of other brokerages have also issued reports on DBRG. Raymond James dropped their target price on 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 cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. Truist Financial decreased their target price 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. Wells Fargo & Company cut their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $17.38.

DigitalBridge Group Trading Down 0.8 %

DBRG stock opened at $10.88 on Tuesday. The stock has a market cap of $1.90 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 13.76 and a beta of 1.91. The stock has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $13.24. DigitalBridge Group has a 1 year low of $10.55 and a 1 year high of $20.99.

Institutional Trading of DigitalBridge Group

Several institutional investors and hedge funds have recently bought and sold shares of DBRG. Victory Capital Management Inc. increased its holdings in shares of DigitalBridge Group by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after acquiring an additional 870 shares during the last quarter. Arizona State Retirement System boosted its position in DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock worth $627,000 after purchasing an additional 872 shares during the period. Fulton Bank N.A. increased its holdings in shares of DigitalBridge Group by 3.2% in 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 during the last quarter. King Luther Capital Management Corp raised its position in shares of DigitalBridge Group by 1.3% in the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock valued at $973,000 after purchasing an additional 942 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of DigitalBridge Group in the third quarter valued at about $34,000. Institutional investors own 92.69% of the company’s stock.

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.