Golden State Equity Partners Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Golden State Equity Partners grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 213.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,363 shares of the real estate investment trust’s stock after acquiring an additional 1,609 shares during the quarter. Golden State Equity Partners’ holdings in Digital Realty Trust were worth $419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management grew its holdings in shares of Digital Realty Trust by 7.5% in the fourth quarter. Spire Wealth Management now owns 3,104 shares of the real estate investment trust’s stock worth $550,000 after purchasing an additional 217 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Digital Realty Trust by 0.9% in the fourth quarter. DAVENPORT & Co LLC now owns 25,829 shares of the real estate investment trust’s stock worth $4,580,000 after purchasing an additional 242 shares during the last quarter. Q3 Asset Management bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $2,785,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Digital Realty Trust by 5.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,783 shares of the real estate investment trust’s stock worth $1,735,000 after purchasing an additional 485 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of Digital Realty Trust by 10.9% in the fourth quarter. Independence Bank of Kentucky now owns 2,034 shares of the real estate investment trust’s stock worth $361,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $161.44 on Tuesday. The firm has a market capitalization of $53.55 billion, a P/E ratio of 135.66, a PEG ratio of 4.16 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $181.03 and a 200 day moving average price of $168.06. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DLR shares. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays upped their price target 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 upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Jefferies Financial Group increased their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.95.

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.