Adell Harriman & Carpenter Inc. Increases Position in Digital Realty Trust, Inc. (NYSE:DLR)

Adell Harriman & Carpenter Inc. boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,919 shares of the real estate investment trust’s stock after acquiring an additional 1,436 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Digital Realty Trust were worth $6,192,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Digital Realty Trust by 501.7% during 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 acquiring an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in Digital Realty Trust by 15,301.1% during the 3rd 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 in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the 3rd quarter valued at approximately $132,980,000. Sycomore Asset Management purchased a new stake in shares of Digital Realty Trust in the 3rd quarter valued at approximately $80,915,000. Finally, abrdn plc grew its stake in shares of Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after buying an additional 288,772 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $164.06 on Friday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The company’s 50 day moving average is $176.02 and its two-hundred day moving average is $168.66. The firm has a market cap of $54.42 billion, a PE ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. On average, research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on DLR. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, February 10th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.