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

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

Analysts Set New Price Targets

A number of brokerages have issued reports on DBRG. Truist Financial reduced their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded 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 note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective 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. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, B. Riley reduced their price objective 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. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $16.67.

DigitalBridge Group Stock Performance

The company has a market cap of $1.80 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.95 and a beta of 1.91. The firm has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $12.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DBRG. Sunbelt Securities Inc. boosted its stake in DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after purchasing an additional 1,464 shares during the period. Meeder Asset Management Inc. bought a new position in DigitalBridge Group in the 3rd quarter worth about $34,000. Spire Wealth Management bought a new position in DigitalBridge Group in the 4th quarter worth about $37,000. Point72 Hong Kong Ltd bought a new position in DigitalBridge Group in the 4th quarter worth about $39,000. Finally, Manchester Capital Management LLC boosted its stake in DigitalBridge Group by 172.1% in the 4th 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. Institutional investors own 92.69% of the company’s stock.

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.