State of Wyoming Purchases 35,491 Shares of DigitalBridge Group, Inc. $DBRG

State of Wyoming raised its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 227.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,107 shares of the company’s stock after acquiring an additional 35,491 shares during the quarter. State of Wyoming’s holdings in DigitalBridge Group were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBRG. State of Alaska Department of Revenue bought a new stake in DigitalBridge Group in the 3rd quarter valued at $84,000. Captrust Financial Advisors acquired a new stake in shares of DigitalBridge Group in the 2nd quarter valued at $109,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of DigitalBridge Group in the 2nd quarter valued at $113,000. Russell Investments Group Ltd. raised its holdings in shares of DigitalBridge Group by 239.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock worth $118,000 after buying an additional 8,022 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of DigitalBridge Group by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after buying an additional 1,309 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $15.44 on Wednesday. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55. The firm has a market cap of $2.82 billion, a PE ratio of 257.29 and a beta of 1.70. The company has a 50 day simple moving average of $14.10 and a 200 day simple moving average of $12.32.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DBRG. Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised their price target on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. B. Riley cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $16.00 in a research report on Tuesday, December 30th. TD Cowen downgraded shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Tuesday, December 30th. Finally, Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.