Quent Capital LLC Raises Position in Digital Realty Trust, Inc. (NYSE:DLR)

Quent Capital LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 989 shares of the real estate investment trust’s stock after buying an additional 185 shares during the quarter. Quent Capital LLC’s holdings in Digital Realty Trust were worth $175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Digital Realty Trust in the 3rd quarter valued at about $132,980,000. Sycomore Asset Management purchased a new position in Digital Realty Trust in the 3rd quarter valued at about $80,915,000. Finally, abrdn plc lifted its stake in Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after buying an additional 288,772 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on DLR shares. Barclays increased their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. JMP Securities reissued a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Scotiabank raised their target price on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $179.70.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $163.12 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average price of $177.10 and a 200 day moving average price of $168.72. The company has a market cap of $54.11 billion, a P/E ratio of 137.08, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.