GAM Holding AG Takes $1.15 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

GAM Holding AG acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,500 shares of the real estate investment trust's stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. raised its stake in shares of Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock valued at $783,812,000 after purchasing an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Digital Realty Trust by 501.7% during the third 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 worth $700,224,000 after acquiring an additional 3,607,802 shares during the period. Principal Financial Group Inc. grew its holdings in Digital Realty Trust by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust's stock worth $700,486,000 after acquiring an additional 79,322 shares during the period. abrdn plc grew its holdings in Digital Realty Trust by 17.3% during the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust's stock worth $315,999,000 after acquiring an additional 288,772 shares during the period. Finally, Pathway Financial Advisers LLC grew its holdings in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DLR shares. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price on the stock in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Truist Financial lifted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, StockNews.com raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $179.95.

Digital Realty Trust Stock Down 3.9 %

Shares of Digital Realty Trust stock traded down $6.74 during trading on Friday, hitting $165.26. 2,498,440 shares of the stock traded hands, compared to its average volume of 2,345,157. The stock has a market cap of $54.82 billion, a P/E ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a fifty day moving average price of $173.91 and a two-hundred day moving average price of $169.29.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.05 EPS for the current fiscal year.

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.