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

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

Other research analysts also recently issued research reports about the company. Truist Financial lifted their price target on DigitalBridge Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods cut their target price on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $16.28.

DigitalBridge Group Stock Performance

DBRG stock traded up $0.08 during midday trading on Friday, hitting $10.28. 7,964,225 shares of the stock were exchanged, compared to its average volume of 2,639,188. The stock's 50-day moving average price is $10.02 and its 200-day moving average price is $10.14. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.16 and a beta of 1.72. DigitalBridge Group has a fifty-two week low of $6.41 and a fifty-two week high of $17.33.

Institutional Trading of DigitalBridge Group

A number of hedge funds have recently bought and sold shares of DBRG. Sunbelt Securities Inc. lifted 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 worth $31,000 after purchasing an additional 1,464 shares during the period. Point72 Hong Kong Ltd acquired a new position in DigitalBridge Group in the fourth quarter valued at $39,000. GAMMA Investing LLC lifted its position 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 buying an additional 4,033 shares during the period. Spire Wealth Management lifted its position 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 buying an additional 2,960 shares during the period. Finally, US Bancorp DE boosted its stake in DigitalBridge Group by 187.3% in the 1st quarter. US Bancorp DE now owns 6,265 shares of the company's stock worth $55,000 after buying an additional 4,084 shares during the last quarter. Institutional investors and hedge funds 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.

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