Signet Investment Advisory Group Inc. Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Signet Investment Advisory Group Inc. boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,938 shares of the real estate investment trust’s stock after acquiring an additional 94 shares during the period. Digital Realty Trust accounts for about 1.9% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 20th largest holding. Signet Investment Advisory Group Inc.’s holdings in Digital Realty Trust were worth $3,713,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Digital Realty Trust by 15,301.1% in the 3rd 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 acquiring an additional 1,838,278 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $132,980,000. Sycomore Asset Management purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $80,915,000. Finally, abrdn plc increased its holdings in Digital Realty Trust by 17.3% in the 3rd 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 during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Monday. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Scotiabank increased their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Finally, TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.70.

Insider Activity at Digital Realty Trust

In related 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 value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $165.38 on Wednesday. The firm has a market capitalization of $54.86 billion, a P/E ratio of 138.97, a P/E/G ratio of 4.27 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The firm’s 50 day moving average is $177.62 and its two-hundred day moving average is $168.59.

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.