Consolidated Planning Corp Buys 1,507 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Consolidated Planning Corp grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 47.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,699 shares of the real estate investment trust’s stock after acquiring an additional 1,507 shares during the period. Consolidated Planning Corp’s holdings in Digital Realty Trust were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLR. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its position in shares of 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 valued at $37,000 after acquiring an additional 173 shares during the period. First Financial Corp IN bought a new position in Digital Realty Trust in the 4th quarter worth approximately $42,000. Crews Bank & Trust bought a new position in Digital Realty Trust in the 4th quarter worth approximately $42,000. Finally, Dunhill Financial LLC boosted its holdings in Digital Realty Trust by 84.4% in the 3rd quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 124 shares during the period. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DLR. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Monday. Scotiabank raised their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Finally, TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $163.12 on Thursday. The firm’s fifty day moving average price is $177.10 and its 200-day moving average price is $168.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $54.11 billion, a P/E ratio of 137.08, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week 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.