DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 22.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,116 shares of the company’s stock after buying an additional 2,408 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in DigitalBridge Group were worth $148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the 3rd quarter worth approximately $34,000. Spire Wealth Management purchased a new stake in shares of DigitalBridge Group during the fourth quarter worth $37,000. Blue Trust Inc. raised its stake in shares of DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares in the last quarter. nVerses Capital LLC lifted its stake in DigitalBridge Group by 145.5% in the third quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock valued at $76,000 after acquiring an additional 3,200 shares during the last quarter. Finally, KBC Group NV boosted its holdings in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after purchasing an additional 2,750 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 1.2 %

Shares of NYSE DBRG opened at $10.78 on Friday. The company has a market cap of $1.88 billion, a PE ratio of 14.77, a P/E/G ratio of 2.95 and a beta of 1.91. The company has a 50-day moving average of $11.39 and a two-hundred day moving average of $12.82. DigitalBridge Group, Inc. has a 1-year low of $10.24 and a 1-year high of $20.99.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DBRG shares. JMP Securities assumed coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Wells Fargo & Company dropped their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Keefe, Bruyette & Woods downgraded 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 note on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, B. Riley cut their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.67.

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.