DigitalBridge Group (NYSE:DBRG) Reaches New 12-Month Low – Should You Sell?

DigitalBridge Group, Inc. (NYSE:DBRG) hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.04 and last traded at $10.20, with a volume of 258870 shares. The stock had previously closed at $10.18.

Analyst Ratings Changes

Several brokerages have commented on DBRG. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company lowered their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. Finally, JMP Securities initiated coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Performance

The stock has a market capitalization 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. The stock has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $12.64.

Institutional Investors Weigh In On DigitalBridge Group

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of DigitalBridge Group during the third quarter valued at approximately $34,000. Spire Wealth Management purchased a new position in DigitalBridge Group during the fourth quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new position in DigitalBridge Group during the fourth quarter valued at $39,000. Finally, Manchester Capital Management LLC raised its stake in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. 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.