DigitalBridge Group (NYSE:DBRG) Raised to "Hold" at 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 investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on DBRG. Truist Financial upped their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods upped their target price on DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Two equities research 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 company. Based on data from MarketBeat.com, DigitalBridge Group presently has an average rating of "Buy" and a consensus target price of $16.14.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $12.08 on Friday. The business's 50-day moving average is $11.02 and its 200 day moving average is $10.09. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $17.33. The firm has a market capitalization of $2.20 billion, a P/E ratio of -302.00 and a beta of 1.63.

Institutional Trading of DigitalBridge Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its holdings in 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 acquiring an additional 1,464 shares during the period. Point72 Hong Kong Ltd acquired a new stake in DigitalBridge Group during the fourth quarter worth about $39,000. GAMMA Investing LLC grew its holdings in DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock worth $39,000 after acquiring an additional 4,033 shares during the period. Spire Wealth Management grew its holdings in DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after acquiring an additional 2,960 shares during the period. Finally, US Bancorp DE grew its holdings in DigitalBridge Group by 187.3% during the first quarter. US Bancorp DE now owns 6,265 shares of the company's stock worth $55,000 after acquiring an additional 4,084 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

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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