Ellis Investment Partners LLC Increases Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Ellis Investment Partners LLC lifted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,015 shares of the company’s stock after acquiring an additional 4,589 shares during the quarter. Ellis Investment Partners LLC’s holdings in DigitalBridge Group were worth $575,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position 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 acquiring an additional 271,853 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after acquiring an additional 317,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of DigitalBridge Group by 101.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock worth $4,445,000 after acquiring an additional 158,790 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in shares of DigitalBridge Group during the third quarter worth about $6,538,000. Finally, Rockefeller Capital Management L.P. increased its holdings in DigitalBridge Group by 482.6% in the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock valued at $2,046,000 after buying an additional 119,922 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Down 0.5 %

Shares of DBRG stock opened at $10.18 on Monday. The business has a 50 day moving average of $11.13 and a two-hundred day moving average of $12.68. DigitalBridge Group, Inc. has a 52 week low of $10.15 and a 52 week high of $20.79. The company has a market cap of $1.77 billion, a P/E ratio of 13.94, a PEG ratio of 2.95 and a beta of 1.91.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Raymond James lowered their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, B. Riley lowered their price objective on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, DigitalBridge Group currently has a consensus rating of “Buy” and a consensus target price of $16.67.

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.