DigitalBridge Group, Inc. (NYSE:DBRG) Stake Raised by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 503,142 shares of the company’s stock after purchasing an additional 8,994 shares during the period. Peregrine Capital Management LLC’s holdings in DigitalBridge Group were worth $5,675,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in 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 valued at $19,281,000 after purchasing an additional 271,853 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DigitalBridge Group by 8.3% in 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 raised its holdings 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 in the last quarter. Horizon Kinetics Asset Management LLC acquired a new stake in DigitalBridge Group during the third quarter valued at $6,538,000. Finally, Rockefeller Capital Management L.P. grew its stake 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 purchasing an additional 119,922 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DBRG shares. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company. Wells Fargo & Company dropped their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their target price 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. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.67.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $10.33 on Wednesday. DigitalBridge Group, Inc. has a 52 week low of $10.04 and a 52 week high of $20.38. The firm has a market capitalization of $1.80 billion, a PE ratio of 14.16, a PEG ratio of 2.95 and a beta of 1.91. The business’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $12.64.

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.