DigitalBridge Group, Inc. (NYSE:DBRG) Stock Holdings Lifted by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 31.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 621,341 shares of the company’s stock after buying an additional 150,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.36% of DigitalBridge Group worth $7,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stoneridge Investment Partners LLC lifted its stake in DigitalBridge Group by 22.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock valued at $148,000 after buying an additional 2,408 shares during the last quarter. Private Management Group Inc. lifted its position in DigitalBridge Group by 4.5% in the 4th quarter. Private Management Group Inc. now owns 1,483,594 shares of the company’s stock valued at $16,735,000 after purchasing an additional 63,884 shares during the last quarter. Choreo LLC bought a new stake in DigitalBridge Group in the 4th quarter valued at about $176,000. Spirit of America Management Corp NY boosted its stake in DigitalBridge Group by 12.8% during the 4th quarter. Spirit of America Management Corp NY now owns 44,000 shares of the company’s stock valued at $496,000 after purchasing an additional 5,000 shares during the period. Finally, Jennison Associates LLC bought a new position in DigitalBridge Group in the 4th quarter worth about $506,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

DBRG has been the topic of a number of recent analyst reports. B. Riley cut their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. 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. Finally, JMP Securities assumed coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. One investment 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 currently has an average rating of “Buy” and an average price target of $16.67.

DigitalBridge Group Stock Down 0.7 %

NYSE:DBRG opened at $10.50 on Wednesday. The business’s 50-day moving average price is $11.29 and its 200 day moving average price is $12.77. DigitalBridge Group, Inc. has a 52-week low of $10.24 and a 52-week high of $20.99. The firm has a market cap of $1.83 billion, a P/E ratio of 14.38, a PEG ratio of 2.95 and a beta of 1.91.

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.