E. Ohman J or Asset Management AB Raises Stake in Digital Realty Trust, Inc. (NYSE:DLR)

E. Ohman J or Asset Management AB boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,300 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Digital Realty Trust were worth $2,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Daiwa Securities Group Inc. lifted its position in Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after purchasing an additional 117,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Digital Realty Trust by 501.7% in the 3rd 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 valued at $700,224,000 after buying an additional 3,607,802 shares during the period. abrdn plc boosted its stake 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 buying an additional 288,772 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Digital Realty Trust by 15,301.1% during 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 during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Digital Realty Trust by 2.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock valued at $261,375,000 after acquiring an additional 40,491 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.3 %

DLR stock opened at $163.49 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $180.40 and a two-hundred day moving average of $168.10. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The company has a market cap of $54.23 billion, a price-to-earnings ratio of 137.38, a PEG ratio of 4.16 and a beta of 0.63.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DLR shares. Barclays upped their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $179.70.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.