Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,558 shares of the real estate investment trust’s stock after buying an additional 608 shares during the period. Trinity Legacy Partners LLC’s holdings in Digital Realty Trust were worth $4,355,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research note on Tuesday. Finally, Barclays increased their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Trading Up 1.4 %

NYSE:DLR opened at $171.94 on Friday. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The firm has a market cap of $57.03 billion, a PE ratio of 106.13, a price-to-earnings-growth ratio of 4.23 and a beta of 0.63. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $173.91 and a 200 day moving average price of $169.29.

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 (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.06 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.