DigitalBridge Group (NYSE:DBRG) Stock Rating Upgraded by Wall Street Zen

Key Points

• DigitalBridge Group (NYSE:DBRG) has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, signaling a positive shift in analysts' outlook.
• The consensus target price for DigitalBridge Group shares has increased to $16.14, with multiple firms rating the stock as a "buy" or "market outperform."
• Institutional investors hold approximately 92.69% of DigitalBridge Group's shares, with significant increases in holdings reported by several hedge funds recently.

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

Other analysts have also issued research reports about the company. JMP Securities reissued a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a research note on Friday, May 16th. Keefe, Bruyette & Woods raised their price target on DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Finally, Truist Financial raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, DigitalBridge Group has a consensus rating of "Buy" and an average target price of $16.14.

DigitalBridge Group Price Performance

NYSE DBRG traded up $0.37 on Friday, reaching $12.15. 2,262,861 shares of the company's stock traded hands, compared to its average volume of 1,820,839. DigitalBridge Group has a 12 month low of $6.41 and a 12 month high of $17.33. The stock has a 50-day simple moving average of $11.13 and a 200 day simple moving average of $10.11. The stock has a market cap of $2.21 billion, a PE ratio of -303.75 and a beta of 1.63.

Institutional Investors Weigh In On DigitalBridge Group

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in shares of DigitalBridge Group by 109.9% during the 4th 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 during the period. Point72 Hong Kong Ltd purchased a new position in shares of DigitalBridge Group during the 4th quarter valued at about $39,000. GAMMA Investing LLC lifted its position in shares of DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after buying an additional 4,033 shares in the last quarter. Spire Wealth Management lifted its position in shares of DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after buying an additional 2,960 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after buying an additional 4,084 shares in the last quarter. 92.69% of the stock is currently owned by 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.