Forte Capital LLC ADV Has $2.46 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Forte Capital LLC ADV lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,873 shares of the real estate investment trust’s stock after selling 402 shares during the quarter. Forte Capital LLC ADV’s holdings in Digital Realty Trust were worth $2,460,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DLR. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the last quarter. First Financial Corp IN bought a new stake in Digital Realty Trust in the fourth quarter valued at about $42,000. Finally, Crews Bank & Trust bought a new stake in Digital Realty Trust in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $171.94 on Friday. The stock has a 50 day moving average price of $173.91 and a 200 day moving average price of $169.29. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a market capitalization of $57.03 billion, a PE ratio of 106.13, a price-to-earnings-growth ratio of 4.23 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts predict that Digital Realty Trust, Inc. will post 7.06 earnings per share for the current fiscal year.

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.