Pinnbrook Capital Management LP purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,890 shares of the real estate investment trust's stock, valued at approximately $6,187,000. Digital Realty Trust makes up about 0.6% of Pinnbrook Capital Management LP's holdings, making the stock its 28th biggest holding.
A number of other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 173 shares during the period. First Financial Corp IN acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $42,000. Finally, Crews Bank & Trust purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.71% of the company's stock.
Digital Realty Trust Stock Down 3.9 %
DLR stock traded down $6.74 during trading on Friday, reaching $165.26. The stock had a trading volume of 2,498,440 shares, compared to its average volume of 2,345,157. 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 has a fifty day moving average price of $173.51 and a 200 day moving average price of $169.43. The company has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results 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%. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current year.
Analyst Ratings Changes
DLR has been the topic of a number of recent analyst reports. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a research note on Tuesday. 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, February 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Stifel Nicolaus raised 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. Finally, JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $179.95.
Check Out Our Latest Stock Report on Digital Realty Trust
Insider Activity at Digital Realty Trust
In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company'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 transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.
About Digital Realty Trust
(
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.
Featured Stories
Before you consider Digital Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digital Realty Trust wasn't on the list.
While Digital Realty Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
