10,184 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Bought by BankPlus Trust Department

BankPlus Trust Department bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,184 shares of the real estate investment trust’s stock, valued at approximately $1,806,000.

Several other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC raised its position in shares of Digital Realty Trust by 8.6% in the third quarter. Private Advisor Group LLC now owns 13,006 shares of the real estate investment trust’s stock worth $2,105,000 after buying an additional 1,027 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Digital Realty Trust by 20.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,546 shares of the real estate investment trust’s stock valued at $8,504,000 after buying an additional 8,806 shares during the last quarter. Forsta AP Fonden raised its position in Digital Realty Trust by 18.2% during the 3rd quarter. Forsta AP Fonden now owns 70,100 shares of the real estate investment trust’s stock valued at $11,344,000 after purchasing an additional 10,800 shares during the last quarter. PFG Investments LLC boosted its holdings in Digital Realty Trust by 1.0% in the third quarter. PFG Investments LLC now owns 8,482 shares of the real estate investment trust’s stock valued at $1,373,000 after acquiring an additional 80 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Digital Realty Trust by 594.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,028 shares of the real estate investment trust’s stock worth $16,835,000 after buying an additional 89,052 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upped their target price 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. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Down 3.9 %

DLR stock opened at $165.26 on Monday. The company’s 50-day moving average price is $173.51 and its 200 day moving average price is $169.73. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market cap of $54.82 billion, a P/E ratio of 102.01, a P/E/G ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

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.