DAVENPORT & Co LLC Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

DAVENPORT & Co LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,829 shares of the real estate investment trust’s stock after purchasing an additional 242 shares during the period. DAVENPORT & Co LLC’s holdings in Digital Realty Trust were worth $4,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the third quarter valued at about $38,000. Finally, First Financial Corp IN bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DLR shares. Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Jefferies Financial Group boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Digital Realty Trust Price Performance

NYSE DLR opened at $161.44 on Tuesday. The stock’s 50-day moving average is $181.03 and its two-hundred day moving average is $168.06. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. 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 firm has a market cap of $53.55 billion, a P/E ratio of 135.66, a price-to-earnings-growth ratio of 4.16 and a beta of 0.64.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 is available through the SEC website. 0.17% of the stock is currently owned by insiders.

About Digital Realty Trust

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.