DigitalBridge Group, Inc. (NYSE:DBRG) Stock Holdings Increased by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 503,142 shares of the company’s stock after acquiring an additional 8,994 shares during the quarter. Peregrine Capital Management LLC owned about 0.29% of DigitalBridge Group worth $5,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning lifted its holdings in DigitalBridge Group by 264.9% in the third quarter. Creative Planning now owns 68,036 shares of the company’s stock worth $961,000 after purchasing an additional 49,392 shares during the period. nVerses Capital LLC raised its position in shares of DigitalBridge Group by 145.5% during the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock worth $76,000 after buying an additional 3,200 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after acquiring an additional 2,408 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of DigitalBridge Group in the third quarter valued at approximately $159,000. Finally, Cherry Creek Investment Advisors Inc. acquired a new position in shares of DigitalBridge Group during the third quarter valued at approximately $252,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $10.33 on Wednesday. DigitalBridge Group, Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $20.38. The firm’s 50 day simple moving average is $11.03 and its 200-day simple moving average is $12.64. The company has a market cap of $1.80 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.91.

Analyst Upgrades and Downgrades

DBRG has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Truist Financial dropped their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Finally, JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $16.67.

DigitalBridge Group 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.