Global X Japan Co. Ltd. Purchases 77 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Global X Japan Co. Ltd. grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 680 shares of the real estate investment trust’s stock after purchasing an additional 77 shares during the period. Global X Japan Co. Ltd.’s holdings in Digital Realty Trust were worth $121,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after buying an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC increased its position in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Digital Realty Trust during the third quarter worth about $132,980,000. Sycomore Asset Management acquired a new position in Digital Realty Trust during the third quarter valued at approximately $80,915,000. Finally, abrdn plc grew its stake in Digital Realty Trust by 17.3% in the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after purchasing an additional 288,772 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DLR shares. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada upped their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $179.70.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $168.19 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $55.79 billion, a PE ratio of 141.34, a PEG ratio of 4.16 and a beta of 0.63. The company’s 50 day moving average price is $178.69 and its two-hundred day moving average price is $168.16. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00.

Insiders Place Their Bets

In other Digital Realty Trust 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust 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.