DigitalBridge Group (NYSE:DBRG) Sets New 1-Year Low – Here’s What Happened

Shares of DigitalBridge Group, Inc. (NYSE:DBRG) hit a new 52-week low on Wednesday . The stock traded as low as $10.20 and last traded at $10.33, with a volume of 199630 shares. The stock had previously closed at $10.49.

Analyst Ratings Changes

DBRG has been the subject of several recent analyst reports. B. Riley decreased their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Raymond James decreased their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial decreased their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.67.

DigitalBridge Group Trading Down 1.4 %

The stock has a market capitalization of $1.78 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.95 and a beta of 1.91. The company’s 50-day moving average is $11.18 and its two-hundred day moving average is $12.73.

Institutional Trading of DigitalBridge Group

Several hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group during the third quarter valued at approximately $34,000. Spire Wealth Management acquired a new stake in DigitalBridge Group in the fourth quarter worth approximately $37,000. Manchester Capital Management LLC lifted its position in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after purchasing an additional 2,765 shares during the period. Blue Trust Inc. lifted its position in DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares during the period. Finally, nVerses Capital LLC lifted its position in DigitalBridge Group by 145.5% in the third quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock worth $76,000 after purchasing an additional 3,200 shares during the period. 92.69% of the stock is currently owned by 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.