Kestra Private Wealth Services LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 23.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,472 shares of the real estate investment trust's stock after buying an additional 2,752 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Digital Realty Trust were worth $2,566,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Valeo Financial Advisors LLC grew its stake in shares of Digital Realty Trust by 10.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,164 shares of the real estate investment trust's stock valued at $512,000 after purchasing an additional 290 shares during the last quarter. Carnegie Investment Counsel boosted its position in Digital Realty Trust by 3.1% in the 3rd quarter. Carnegie Investment Counsel now owns 3,192 shares of the real estate investment trust's stock valued at $517,000 after buying an additional 95 shares during the last quarter. Harrington Investments INC increased its stake in shares of Digital Realty Trust by 0.8% in the 3rd quarter. Harrington Investments INC now owns 13,531 shares of the real estate investment trust's stock valued at $2,190,000 after buying an additional 109 shares during the period. Wesbanco Bank Inc. raised its position in shares of Digital Realty Trust by 10.5% during the third quarter. Wesbanco Bank Inc. now owns 51,870 shares of the real estate investment trust's stock worth $8,394,000 after acquiring an additional 4,950 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Digital Realty Trust by 0.7% during the third quarter. Creative Planning now owns 165,756 shares of the real estate investment trust's stock valued at $26,824,000 after acquiring an additional 1,130 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.
In other news, CFO Matt Mercier sold 2,518 shares of the 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company's stock.
DLR stock opened at $165.38 on Wednesday. The business has a 50-day moving average of $177.62 and a 200-day moving average of $168.59. 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 $54.86 billion, a P/E ratio of 138.97, a P/E/G ratio of 4.27 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.
Several analysts have weighed in on DLR shares. JMP Securities reissued a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday. Raymond James increased their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have given 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, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $179.70.
Get Our Latest Report on DLR
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.
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