Montag A & Associates Inc. Has $3.56 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Montag A & Associates Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3,988.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,912 shares of the real estate investment trust's stock after buying an additional 19,425 shares during the quarter. Montag A & Associates Inc.'s holdings in Digital Realty Trust were worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DLR. Daiwa Securities Group Inc. increased its holdings in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock worth $783,812,000 after acquiring an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Digital Realty Trust by 501.7% in 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 in the last quarter. abrdn plc increased its holdings in shares of Digital Realty Trust by 17.3% in 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 in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Digital Realty Trust by 15,301.1% in 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 in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Digital Realty Trust by 2.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust's stock worth $261,375,000 after acquiring an additional 40,491 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DLR. JMP Securities restated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Raymond James increased their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $179.95.

Digital Realty Trust Stock Performance

Shares of DLR traded up $4.00 during mid-day trading on Wednesday, reaching $169.65. The company's stock had a trading volume of 2,119,155 shares, compared to its average volume of 2,345,660. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The stock has a market cap of $56.28 billion, a P/E ratio of 104.72, a PEG ratio of 4.19 and a beta of 0.63. The business has a 50-day simple moving average of $174.56 and a two-hundred day simple moving average of $169.26. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.06 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Company 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.