Mirae Asset Global Investments Co. Ltd. Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 31.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,946 shares of the real estate investment trust’s stock after purchasing an additional 16,400 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Digital Realty Trust were worth $11,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the period. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc increased 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 buying an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust during the third quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Scotiabank lifted their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised 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. Finally, JMP Securities began coverage on Digital Realty Trust in a research report on Monday, January 27th. They set an “outperform” rating and a $220.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $179.70.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $168.07 on Friday. The business has a fifty day moving average of $179.23 and a 200 day moving average of $168.16. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $55.75 billion, a price-to-earnings ratio of 141.24, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63.

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.