State of Alaska Department of Revenue Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

State of Alaska Department of Revenue grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 196,266 shares of the real estate investment trust’s stock after buying an additional 6,205 shares during the quarter. State of Alaska Department of Revenue’s holdings in Digital Realty Trust were worth $34,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in shares of Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after purchasing an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Digital Realty Trust by 501.7% during the third 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 worth $700,224,000 after acquiring an additional 3,607,802 shares during the period. abrdn plc lifted its holdings in Digital Realty Trust by 17.3% during the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after purchasing an additional 288,772 shares in the last quarter. Pathway Financial Advisers LLC grew its position in shares of Digital Realty Trust by 15,301.1% in the third 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 purchasing an additional 1,838,278 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Digital Realty Trust by 2.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after purchasing an additional 40,491 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 2.4 %

Shares of DLR opened at $167.34 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $55.51 billion, a P/E ratio of 140.62, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63. The company’s 50-day moving average price is $179.79 and its 200 day moving average price is $168.16. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DLR shares. Scotiabank raised their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two 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 stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $179.70.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

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.