Stiles Financial Services Inc Boosts Position in Digital Realty Trust, Inc. (NYSE:DLR)

Stiles Financial Services Inc boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,331 shares of the real estate investment trust’s stock after acquiring an additional 1,732 shares during the quarter. Stiles Financial Services Inc’s holdings in Digital Realty Trust were worth $2,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the last quarter. First Financial Corp IN purchased a new position in Digital Realty Trust in the 4th quarter worth approximately $42,000. Crews Bank & Trust acquired a new position in Digital Realty Trust during the fourth quarter worth $42,000. Finally, Dunhill Financial LLC grew its holdings in shares of Digital Realty Trust by 84.4% in the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 124 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated 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 is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $168.19 on Monday. The business’s fifty day moving average price is $178.14 and its 200 day moving average price is $168.34. The stock has a market capitalization of $55.79 billion, a P/E ratio of 141.34, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLR. Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Stifel Nicolaus upped their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada raised their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Scotiabank raised their price objective on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust Company 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.