Financial Advocates Investment Management Purchases Shares of 4,647 Digital Realty Trust, Inc. (NYSE:DLR)

Financial Advocates Investment Management bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,647 shares of the real estate investment trust’s stock, valued at approximately $824,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its stake in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after acquiring an additional 117,461 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Digital Realty Trust by 501.7% in the third 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 during the period. abrdn plc increased its stake in Digital Realty Trust by 17.3% during the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after acquiring an additional 288,772 shares during the period. Pathway Financial Advisers LLC raised its holdings 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 acquiring an additional 1,838,278 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Digital Realty Trust by 2.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after acquiring an additional 40,491 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DLR. Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Scotiabank upped their price objective on Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $168.19 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The stock has a market capitalization of $55.79 billion, a price-to-earnings ratio of 141.34, a PEG ratio of 4.16 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $178.69 and a 200-day moving average of $168.16.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Company 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.