DigitalBridge Group (NYSE:DBRG) Downgraded by Wall Street Zen to Sell

Key Points

• DigitalBridge Group has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock.
• Despite the downgrade, the consensus rating for DigitalBridge Group is a "Moderate Buy," with various analysts holding differing views on the stock's potential.
• DigitalBridge Group's shares recently opened at $11.21, with a market cap of $2.04 billion and a 12-month price range between $6.41 and $17.33.

DigitalBridge Group (NYSE:DBRG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 12th. Truist Financial lifted their target price on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, JMP Securities reissued a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $16.14.

DigitalBridge Group Stock Down 2.9%

Shares of DigitalBridge Group stock traded down $0.3250 during trading on Friday, hitting $10.9650. The stock had a trading volume of 1,751,920 shares, compared to its average volume of 1,973,674. The stock has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $10.04. The company has a market capitalization of $2.00 billion, a PE ratio of -274.13 and a beta of 1.77. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $17.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DBRG. Sunbelt Securities Inc. grew its position in DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC lifted its stake in DigitalBridge Group by 978.9% in the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after acquiring an additional 4,033 shares during the last quarter. Spire Wealth Management lifted its stake in DigitalBridge Group by 91.1% in the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after acquiring an additional 2,960 shares during the last quarter. Finally, US Bancorp DE lifted its stake in DigitalBridge Group by 187.3% in the first quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after acquiring an additional 4,084 shares during the last quarter. 92.69% of the stock is 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.