JPMorgan Chase & Co. Cuts DigitalBridge Group (NYSE:DBRG) Price Target to $18.00

DigitalBridge Group (NYSE:DBRG) had its price objective lowered by JPMorgan Chase & Co. from $20.00 to $18.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on the company. B. Riley reduced their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $17.75 to $14.00 in a report on Wednesday, November 6th. Truist Financial reduced their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Raymond James lowered their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group has a consensus rating of “Buy” and a consensus price target of $16.75.

DigitalBridge Group Stock Up 0.4 %

NYSE DBRG opened at $11.50 on Tuesday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 3.20 and a beta of 1.91. DigitalBridge Group has a twelve month low of $10.25 and a twelve month high of $20.99. The business’s fifty day moving average is $11.78 and its 200 day moving average is $13.07.

Institutional Investors Weigh In On DigitalBridge Group

Institutional investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock worth $19,281,000 after purchasing an additional 271,853 shares in the last quarter. Geode Capital Management LLC lifted its position in DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after purchasing an additional 317,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in DigitalBridge Group by 101.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock valued at $4,445,000 after buying an additional 158,790 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of DigitalBridge Group during the third quarter valued at about $6,538,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of DigitalBridge Group by 482.6% during the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock worth $2,046,000 after purchasing an additional 119,922 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

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.