DigitalBridge Group (NYSE:DBRG) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• DigitalBridge Group's stock received a reaffirmed "sell (D+)" rating from Weiss Ratings, indicating a lack of confidence in the stock's performance.
• Despite the downgrade, several analysts have upgraded or maintained positive target prices, with the consensus rating currently listed as "Moderate Buy" and an average target price of $16.14.
• DigitalBridge Group's stock traded around $11.86 with substantial trading volume, showing a significant interest among investors despite its volatility and a wide range in its stock price over the past year.

DigitalBridge Group (NYSE:DBRG - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. Truist Financial boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of "Moderate Buy" and an average target price of $16.14.

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock traded up $0.10 during trading on Wednesday, hitting $11.86. The company's stock had a trading volume of 1,335,738 shares, compared to its average volume of 2,545,892. The company has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $10.33. The company has a market capitalization of $2.16 billion, a PE ratio of -296.50 and a beta of 1.66. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $17.33.

Institutional Trading of DigitalBridge Group

A number of hedge funds have recently added to or reduced their stakes in the business. Moody National Bank Trust Division lifted its stake in DigitalBridge Group by 18.2% in the third quarter. Moody National Bank Trust Division now owns 119,253 shares of the company's stock worth $1,395,000 after acquiring an additional 18,368 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of DigitalBridge Group during the second quarter valued at about $134,000. Osaic Holdings Inc. lifted its position in shares of DigitalBridge Group by 18.2% during the second quarter. Osaic Holdings Inc. now owns 14,883 shares of the company's stock valued at $154,000 after buying an additional 2,294 shares during the last quarter. State of Wyoming lifted its position in shares of DigitalBridge Group by 62.1% during the second quarter. State of Wyoming now owns 15,616 shares of the company's stock valued at $162,000 after buying an additional 5,983 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of DigitalBridge Group by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 22,613 shares of the company's stock valued at $234,000 after buying an additional 18,080 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other 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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