McClarren Financial Advisors Inc. Takes $76,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

McClarren Financial Advisors Inc. bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 431 shares of the real estate investment trust’s stock, valued at approximately $76,000.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in Digital Realty Trust by 0.7% during the 3rd quarter. Creative Planning now owns 165,756 shares of the real estate investment trust’s stock valued at $26,824,000 after acquiring an additional 1,130 shares during the period. Swedbank AB lifted its position in Digital Realty Trust by 99.6% in the third quarter. Swedbank AB now owns 267,241 shares of the real estate investment trust’s stock valued at $43,248,000 after purchasing an additional 133,326 shares during the last quarter. First United Bank & Trust lifted its position in Digital Realty Trust by 7.2% in the third quarter. First United Bank & Trust now owns 4,592 shares of the real estate investment trust’s stock valued at $743,000 after purchasing an additional 308 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of Digital Realty Trust by 3.8% during the third quarter. Foster Victor Wealth Advisors LLC now owns 38,263 shares of the real estate investment trust’s stock valued at $6,089,000 after purchasing an additional 1,409 shares during the period. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of Digital Realty Trust by 6.9% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,608 shares of the real estate investment trust’s stock worth $4,630,000 after purchasing an additional 1,841 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Monday. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Two equities research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $163.12 on Thursday. The stock’s 50 day moving average is $177.10 and its 200 day moving average is $168.72. The company has a market capitalization of $54.11 billion, a P/E ratio of 137.08, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. 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 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.