Analysts Set DigitalBridge Group, Inc. (NYSE:DBRG) Price Target at $16.00

DigitalBridge Group, Inc. (NYSE:DBRG) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.00.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th.

Institutional Investors Weigh In On DigitalBridge Group

A number of institutional investors and hedge funds have recently made changes to their positions in DBRG. Steward Partners Investment Advisory LLC increased its holdings in DigitalBridge Group by 305.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after purchasing an additional 1,326 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of DigitalBridge Group by 70.4% in the first quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $29,000 after purchasing an additional 781 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of DigitalBridge Group during the fourth quarter valued at approximately $31,000. Finally, Quarry LP boosted its position in shares of DigitalBridge Group by 1,467.2% during the fourth quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after buying an additional 1,922 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 0.3%

Shares of DBRG stock opened at $15.88 on Friday. The firm has a market capitalization of $2.90 billion, a PE ratio of 32.41 and a beta of 1.47. The firm has a fifty day simple moving average of $15.76 and a two-hundred day simple moving average of $15.58. DigitalBridge Group has a 12 month low of $8.94 and a 12 month high of $15.92.

About DigitalBridge Group

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.