DigitalBridge Group (NYSE:DBRG) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded DigitalBridge Group to “Hold,” while Weiss Ratings separately downgraded it to “Hold.” Overall, analysts’ consensus is Hold, with one Buy, seven Hold, and one Sell rating and an average price target of $16.00.
• DigitalBridge shares opened at $15.93, near their 52-week high of $15.98, with a market capitalization of approximately $2.99 billion.
• Institutional investors own 92.69% of the stock. Several investment firms recently increased their positions, including Parallel Advisors, Envestnet Asset Management, and Cetera Investment Advisers.

DigitalBridge Group (NYSE:DBRG - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of DigitalBridge Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of "Hold" and an average target price of $16.00.

DigitalBridge Group Trading Down 0.1%

DBRG opened at $15.93 on Friday. The company's fifty day moving average price is $15.86 and its two-hundred day moving average price is $15.66. DigitalBridge Group has a 1-year low of $8.94 and a 1-year high of $15.98. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 10.34 and a beta of 1.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in DigitalBridge Group by 70.4% in the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company's stock valued at $29,000 after buying an additional 781 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of DigitalBridge Group by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company's stock worth $575,000 after buying an additional 1,100 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of DigitalBridge Group by 4.4% in the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company's stock worth $444,000 after buying an additional 1,214 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of DigitalBridge Group by 2.5% in the 4th quarter. Cerity Partners LLC now owns 53,055 shares of the company's stock worth $814,000 after buying an additional 1,274 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company's stock valued at $122,000 after acquiring an additional 1,309 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 Group, Inc NYSE: DBRG is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

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