DigitalBridge Group (NYSE:DBRG) Price Target Raised to $15.00

DigitalBridge Group (NYSE:DBRG - Get Free Report) had its target price hoisted by stock analysts at Truist Financial from $13.00 to $15.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price points to a potential upside of 35.87% from the company's previous close.

DBRG has been the subject of a number of other research reports. Wells Fargo & Company increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. JMP Securities reissued a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods reduced their price target on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $16.28.

DigitalBridge Group Stock Performance

Shares of DBRG stock traded up $0.04 during trading hours on Tuesday, reaching $11.04. The company had a trading volume of 2,655,873 shares, compared to its average volume of 2,575,951. DigitalBridge Group has a twelve month low of $6.41 and a twelve month high of $17.33. The company has a market capitalization of $1.95 billion, a P/E ratio of 368.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The stock's fifty day simple moving average is $9.10 and its 200 day simple moving average is $10.41.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lazard Asset Management LLC lifted its holdings in DigitalBridge Group by 384.5% during the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after buying an additional 2,656,100 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of DigitalBridge Group by 1.8% in the 4th quarter. Northern Trust Corp now owns 1,522,539 shares of the company's stock worth $17,174,000 after purchasing an additional 26,930 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of DigitalBridge Group by 788.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,167,459 shares of the company's stock worth $13,169,000 after purchasing an additional 1,036,105 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of DigitalBridge Group by 17.7% in the 4th quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company's stock worth $7,469,000 after purchasing an additional 99,520 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in DigitalBridge Group by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after acquiring an additional 99,891 shares in the last quarter. Institutional investors own 92.69% of the company's stock.

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.