DigitalBridge Group, Inc. (NYSE:DBRG) Stock Holdings Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 47.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,831 shares of the company's stock after buying an additional 43,561 shares during the quarter. GSA Capital Partners LLP owned about 0.08% of DigitalBridge Group worth $1,198,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DBRG. Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 2,656,100 shares during the last quarter. Northern Trust Corp increased its holdings in shares of DigitalBridge Group by 1.8% during the 4th quarter. Northern Trust Corp now owns 1,522,539 shares of the company's stock worth $17,174,000 after buying an additional 26,930 shares during the last quarter. Point72 Asset Management L.P. grew its position in DigitalBridge Group by 788.8% during the fourth quarter. Point72 Asset Management L.P. now owns 1,167,459 shares of the company's stock valued at $13,169,000 after acquiring an additional 1,036,105 shares during the period. Palisade Capital Management LP grew its position in DigitalBridge Group by 30.5% during the first quarter. Palisade Capital Management LP now owns 1,734,855 shares of the company's stock valued at $15,301,000 after acquiring an additional 404,960 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in DigitalBridge Group by 17.7% in the fourth quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company's stock valued at $7,469,000 after buying an additional 99,520 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DBRG has been the topic of several research reports. Truist Financial raised their price target on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. JMP Securities reaffirmed 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 cut their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.94.

DigitalBridge Group Stock Down 3.0%

DBRG stock traded down $0.32 during trading on Friday, hitting $10.42. 2,280,487 shares of the company's stock traded hands, compared to its average volume of 1,646,408. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The stock has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $10.05. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 1.22 and a beta of 1.77.

DigitalBridge Group 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.