Wall Street Zen Downgrades DigitalBridge Group (NYSE:DBRG) to Sell

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

Several other research firms have also commented on DBRG. Keefe, Bruyette & Woods decreased their price target 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. JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a research report on Friday, May 16th. Truist Financial increased their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.28.

DigitalBridge Group Price Performance

Shares of DBRG stock traded up $0.03 during mid-day trading on Friday, hitting $10.90. 2,368,291 shares of the stock traded hands, compared to its average volume of 2,579,598. The stock has a market cap of $1.92 billion, a P/E ratio of 363.17, a P/E/G ratio of 3.46 and a beta of 1.72. The stock's fifty day moving average is $9.22 and its two-hundred day moving average is $10.39. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $17.33.

Hedge Funds Weigh In On DigitalBridge Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. increased its holdings in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after buying an additional 1,464 shares during the period. Spire Wealth Management acquired a new position in DigitalBridge Group in the 4th quarter worth approximately $37,000. Point72 Hong Kong Ltd acquired a new position in DigitalBridge Group in the 4th quarter worth approximately $39,000. GAMMA Investing LLC increased its holdings in DigitalBridge Group by 978.9% in the 1st 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. Finally, Manchester Capital Management LLC increased its holdings in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after buying an additional 2,765 shares during the period. 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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