Handelsbanken Fonder AB Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Handelsbanken Fonder AB lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,917 shares of the real estate investment trust's stock after purchasing an additional 18,277 shares during the quarter. Handelsbanken Fonder AB's holdings in Digital Realty Trust were worth $29,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the fourth quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth about $35,000. Versant Capital Management Inc boosted its stake in 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 in the last quarter. First Financial Corp IN purchased a new stake in Digital Realty Trust during the 4th quarter valued at about $42,000. Finally, Crews Bank & Trust purchased a new position in Digital Realty Trust in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $6.74 during trading on Friday, reaching $165.26. The company had a trading volume of 2,498,440 shares, compared to its average volume of 2,345,157. The firm has a market capitalization of $54.82 billion, a price-to-earnings ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63. 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 firm's 50-day simple moving average is $173.91 and its 200 day simple moving average is $169.29. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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%. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. StockNews.com raised Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $179.95.

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 on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company's stock.

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.