Golden State Wealth Management LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Golden State Wealth Management LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 347 shares of the real estate investment trust’s stock, valued at approximately $62,000.

Several other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. First Financial Corp IN bought a new position in Digital Realty Trust in the fourth quarter worth about $42,000. Crews Bank & Trust acquired a new position in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Dunhill Financial LLC grew its holdings in shares of Digital Realty Trust by 84.4% during the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 124 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company reduced 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 report on Tuesday, February 4th. Barclays increased their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust Stock Down 1.1 %

NYSE DLR opened at $166.14 on Tuesday. The company has a market capitalization of $55.11 billion, a P/E ratio of 139.61, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month 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 company’s 50 day simple moving average is $178.14 and its 200 day simple moving average is $168.45.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

About Digital Realty Trust

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.