World Equity Group Inc. Takes $256,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

World Equity Group Inc. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, Holdings Channel reports. The fund purchased 1,444 shares of the real estate investment trust’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares in the last quarter. Centricity Wealth Management LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $37,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the fourth quarter worth approximately $42,000. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of DLR opened at $159.32 on Tuesday. The firm has a market capitalization of $52.85 billion, a PE ratio of 98.34, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The company’s fifty day moving average price is $172.99 and its 200-day moving average price is $169.80.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research note on Tuesday, February 18th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial boosted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

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.