ACG Wealth bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 17,660 shares of the real estate investment trust’s stock, valued at approximately $2,011,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of DLR. Amica Retiree Medical Trust bought a new position in Digital Realty Trust in the 3rd quarter worth about $102,000. Grove Bank & Trust boosted its stake in Digital Realty Trust by 1,284.6% in the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Digital Realty Trust by 4,984.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares during the period. Fieldpoint Private Securities LLC bought a new position in Digital Realty Trust in the 3rd quarter worth about $134,000. Finally, Investment Counselors of Maryland LLC bought a new position in Digital Realty Trust in the 3rd quarter worth about $154,000. Institutional investors and hedge funds own 98.29% of the company’s stock.
Several brokerages have commented on DLR. Barclays cut their target price on Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. UBS Group raised Digital Realty Trust from a “sell” rating to a “neutral” rating and set a $112.00 price target on the stock in a report on Monday, January 29th. Credit Suisse Group reaffirmed a “hold” rating and issued a $95.00 price target on shares of Digital Realty Trust in a report on Tuesday, January 23rd. Robert W. Baird raised Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Digital Realty Trust has a consensus rating of “Buy” and a consensus price target of $122.94.
Digital Realty Trust, Inc. (DLR) opened at $105.12 on Wednesday. The stock has a market capitalization of $21,600.00, a price-to-earnings ratio of 85.46, a price-to-earnings-growth ratio of 2.08 and a beta of -0.11. Digital Realty Trust, Inc. has a one year low of $98.28 and a one year high of $127.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46.
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Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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