DigitalBridge Group (NYSE:DBRG) Price Target Raised to $16.00

DigitalBridge Group (NYSE:DBRG) had its price target boosted by equities research analysts at Wells Fargo & Company from $15.00 to $16.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 31.42% from the stock’s current price.

Several other research firms also recently commented on DBRG. B. Riley dropped their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Raymond James dropped their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Down 0.5 %

DBRG opened at $12.18 on Monday. The firm has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $12.63. DigitalBridge Group has a 52 week low of $10.03 and a 52 week high of $19.49. The company has a market capitalization of $2.12 billion, a PE ratio of 405.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. As a group, sell-side analysts expect that DigitalBridge Group will post 0.17 earnings per share for the current year.

Institutional Trading of DigitalBridge Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in DigitalBridge Group by 24.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock worth $19,281,000 after purchasing an additional 271,853 shares during the period. Geode Capital Management LLC raised its position in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after purchasing an additional 317,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in DigitalBridge Group by 101.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock worth $4,445,000 after purchasing an additional 158,790 shares during the period. Horizon Kinetics Asset Management LLC purchased a new stake in DigitalBridge Group in the 3rd quarter worth about $6,538,000. Finally, Rockefeller Capital Management L.P. raised its position in DigitalBridge Group by 482.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock worth $2,046,000 after purchasing an additional 119,922 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Company 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.