Benedict Financial Advisors Inc. Decreases Position in Digital Realty Trust, Inc. (NYSE:DLR)

Benedict Financial Advisors Inc. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,518 shares of the real estate investment trust’s stock after selling 111 shares during the period. Benedict Financial Advisors Inc.’s holdings in Digital Realty Trust were worth $3,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Digital Realty Trust by 501.7% in 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 valued at $700,224,000 after buying an additional 3,607,802 shares during the last quarter. abrdn plc lifted its stake in shares of Digital Realty Trust by 17.3% in the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock worth $315,999,000 after buying an additional 288,772 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Digital Realty Trust by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock valued at $261,375,000 after acquiring an additional 40,491 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $168.19 on Friday. 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 has a market cap of $55.79 billion, a P/E ratio of 141.34, a P/E/G ratio of 4.27 and a beta of 0.63. The stock has a 50-day moving average of $178.14 and a two-hundred day moving average of $168.24. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. JMP Securities assumed coverage on Digital Realty Trust in a report on Monday, January 27th. They set an “outperform” rating and a $220.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Evercore ISI lifted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

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.