Greenleaf Trust Purchases 222 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Greenleaf Trust raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,458 shares of the real estate investment trust’s stock after purchasing an additional 222 shares during the period. Greenleaf Trust’s holdings in Digital Realty Trust were worth $791,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DLR. Golden State Equity Partners increased its holdings in Digital Realty Trust by 213.4% during the fourth quarter. Golden State Equity Partners now owns 2,363 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 1,609 shares during the period. Spire Wealth Management lifted its stake in shares of Digital Realty Trust by 7.5% during the 4th quarter. Spire Wealth Management now owns 3,104 shares of the real estate investment trust’s stock worth $550,000 after purchasing an additional 217 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Digital Realty Trust by 0.9% during the fourth quarter. DAVENPORT & Co LLC now owns 25,829 shares of the real estate investment trust’s stock valued at $4,580,000 after purchasing an additional 242 shares in the last quarter. Q3 Asset Management bought a new position in Digital Realty Trust in the fourth quarter worth about $2,785,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Digital Realty Trust by 5.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,783 shares of the real estate investment trust’s stock valued at $1,735,000 after buying an additional 485 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLR. Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank lifted their price target on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Finally, JMP Securities began coverage on Digital Realty Trust in a research note on Monday, January 27th. They issued an “outperform” rating and a $220.00 price objective for the company. Two equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

Insider Buying and Selling at Digital Realty Trust

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

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $163.49 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The firm has a market capitalization of $54.23 billion, a PE ratio of 137.38, a P/E/G ratio of 4.16 and a beta of 0.63. The business’s 50 day moving average price is $180.40 and its 200-day moving average price is $168.10.

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.