DigitalBridge Group (NYSE:DBRG) Price Target Cut to $19.00 by Analysts at Raymond James

DigitalBridge Group (NYSE:DBRG) had its target price lowered by analysts at Raymond James from $22.00 to $19.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price target would indicate a potential upside of 46.04% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. B. Riley reduced their price objective on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $17.00 price target (down previously from $21.00) on shares of DigitalBridge Group in a research note on Tuesday, June 18th. Truist Financial cut their price objective on shares of DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 target price on shares of DigitalBridge Group in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. dropped their price target on DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $19.59.

DigitalBridge Group Trading Up 6.2 %

Shares of DBRG traded up $0.76 during mid-day trading on Thursday, reaching $13.01. The company’s stock had a trading volume of 1,086,751 shares, compared to its average volume of 2,137,480. DigitalBridge Group has a 1-year low of $12.12 and a 1-year high of $20.99. The business has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $16.16. The stock has a market cap of $2.26 billion, a P/E ratio of 8.35, a PEG ratio of 1.38 and a beta of 2.00.

Institutional Trading of DigitalBridge Group

A number of institutional investors have recently modified their holdings of the stock. nVerses Capital LLC raised its stake in DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,900 shares in the last quarter. Quarry LP bought a new stake in shares of DigitalBridge Group during the 4th quarter worth approximately $41,000. Headlands Technologies LLC boosted its position in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after acquiring an additional 7,398 shares in the last quarter. Federated Hermes Inc. increased its stake in DigitalBridge Group by 944.8% in the second quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after acquiring an additional 9,193 shares during the last quarter. Finally, CWM LLC raised its position in DigitalBridge Group by 59.9% during the fourth quarter. CWM LLC now owns 8,371 shares of the company’s stock valued at $147,000 after purchasing an additional 3,135 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

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.