DigitalBridge Group (NYSE:DBRG) Stock Rating Upgraded by Zacks Research

DigitalBridge Group (NYSE:DBRG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on DBRG. Wall Street Zen raised DigitalBridge Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. B. Riley upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Thursday, October 30th. Truist Financial upped their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DigitalBridge Group has a consensus rating of “Moderate Buy” and an average target price of $16.93.

DigitalBridge Group Stock Down 6.4%

Shares of DBRG opened at $10.92 on Wednesday. The firm has a market capitalization of $1.99 billion, a PE ratio of -273.00 and a beta of 1.78. The firm has a 50-day moving average price of $11.97 and a 200 day moving average price of $10.95. DigitalBridge Group has a 52-week low of $6.41 and a 52-week high of $14.00.

DigitalBridge Group (NYSE:DBRG) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%.The company had revenue of $232.83 million during the quarter. On average, equities analysts expect that DigitalBridge Group will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Aberdeen Group plc purchased a new position in DigitalBridge Group during the 3rd quarter valued at about $3,220,000. TCTC Holdings LLC grew its position in DigitalBridge Group by 4.1% during the third quarter. TCTC Holdings LLC now owns 177,790 shares of the company’s stock valued at $2,080,000 after purchasing an additional 7,047 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in DigitalBridge Group in the 3rd quarter valued at approximately $5,483,000. State of Wyoming increased its stake in DigitalBridge Group by 227.3% in the 3rd quarter. State of Wyoming now owns 51,107 shares of the company’s stock valued at $598,000 after buying an additional 35,491 shares during the period. Finally, Arizona State Retirement System lifted its position in DigitalBridge Group by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock worth $610,000 after buying an additional 1,244 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

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.