Groesbeck Investment Management Corp NJ acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,880 shares of the real estate investment trust's stock, valued at approximately $2,284,000. Digital Realty Trust comprises 3.0% of Groesbeck Investment Management Corp NJ's holdings, making the stock its 7th largest position.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Digital Realty Trust Stock Performance
NYSE DLR opened at $163.49 on Wednesday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $54.23 billion, a P/E ratio of 137.38, a P/E/G ratio of 4.16 and a beta of 0.63. The company has a fifty day moving average of $180.40 and a 200-day moving average of $168.10.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DLR. TD Cowen lifted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Jefferies Financial Group lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a "sector perform" rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $179.70.
Read Our Latest Stock Analysis on DLR
Insider Transactions at Digital Realty Trust
In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.
Digital Realty Trust Profile
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Free Report)
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.
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