GAM Holding AG Makes New $1.15 Million Investment in Digital Realty Trust, Inc. (NYSE:DLR)

GAM Holding AG bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,500 shares of the real estate investment trust’s stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Venturi Wealth Management LLC increased its stake in Digital Realty Trust by 1,440.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,309 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 1,224 shares during the period. Pinnbrook Capital Management LP purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $6,187,000. D.A. Davidson & CO. increased its stake in shares of Digital Realty Trust by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 32,084 shares of the real estate investment trust’s stock valued at $5,689,000 after buying an additional 1,330 shares during the period. CIBC Asset Management Inc increased its stake in shares of Digital Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 47,707 shares of the real estate investment trust’s stock valued at $8,460,000 after buying an additional 2,610 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DLR shares. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Raymond James raised their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. StockNews.com upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Insider Activity at Digital Realty Trust

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

Digital Realty Trust Price Performance

Shares of DLR stock opened at $165.49 on Wednesday. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The firm has a market capitalization of $54.90 billion, a price-to-earnings ratio of 139.07, a PEG ratio of 4.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock’s 50-day simple moving average is $174.56 and its 200-day simple moving average is $169.26.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

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.