DAVENPORT & Co LLC Has $4.58 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

DAVENPORT & Co LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,829 shares of the real estate investment trust’s stock after buying an additional 242 shares during the quarter. DAVENPORT & Co LLC’s holdings in Digital Realty Trust were worth $4,580,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 during the period. Pathway Financial Advisers LLC increased its stake in 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 valued at $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the 3rd quarter valued at $132,980,000. Sycomore Asset Management purchased a new position in Digital Realty Trust in the 3rd quarter worth approximately $80,915,000. Finally, abrdn plc boosted its holdings in shares of 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 purchasing an additional 288,772 shares during the period. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Evercore ISI boosted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 1.5 %

NYSE:DLR opened at $161.44 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $53.55 billion, a PE ratio of 135.66, a price-to-earnings-growth ratio of 4.16 and a beta of 0.64. The stock has a fifty day simple moving average of $181.03 and a 200-day simple moving average of $168.06. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00.

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.