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

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 research note issued to investors on Saturday.

DBRG has been the subject of several other research reports. Truist Financial raised their price target on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Keefe, Bruyette & Woods decreased their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. Finally, JMP Securities restated a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.94.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $10.84 on Friday. The firm's 50 day moving average price is $10.45 and its 200-day moving average price is $10.06. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $17.33. The stock has a market cap of $1.91 billion, a P/E ratio of 36.13, a PEG ratio of 1.23 and a beta of 1.67.

Hedge Funds Weigh In On DigitalBridge Group

A number of hedge funds and other institutional investors have recently modified their holdings of DBRG. Sunbelt Securities Inc. increased its position in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after purchasing an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of DigitalBridge Group during the fourth quarter worth about $39,000. GAMMA Investing LLC raised its position in shares of DigitalBridge Group by 978.9% in the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after purchasing an additional 4,033 shares during the last quarter. Spire Wealth Management boosted its stake in DigitalBridge Group by 91.1% in the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after purchasing an additional 2,960 shares in the last quarter. Finally, US Bancorp DE grew its position in DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company's stock worth $55,000 after purchasing an additional 4,084 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

About DigitalBridge Group

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.

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