Silver Oak Securities Incorporated Purchases Shares of 7,064 Digital Realty Trust, Inc. (NYSE:DLR)

Silver Oak Securities Incorporated bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 7,064 shares of the real estate investment trust’s stock, valued at approximately $1,245,000.

A number of other hedge funds have also recently modified their holdings of DLR. Adirondack Trust Co. boosted its stake 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 valued at $32,000 after acquiring an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its stake 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 buying an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Digital Realty Trust during the third quarter worth approximately $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DLR has been the topic of a number of research reports. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.70.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $168.07 on Friday. The firm has a market capitalization of $55.75 billion, a price-to-earnings ratio of 141.24, a price-to-earnings-growth 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’s 50 day simple moving average is $179.23 and its 200-day simple moving average is $168.16. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

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.