Gladstone Institutional Advisory LLC Has $914,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Gladstone Institutional Advisory LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,155 shares of the real estate investment trust’s stock after selling 496 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Digital Realty Trust were worth $914,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Creative Planning grew its holdings in shares of Digital Realty Trust by 0.7% in the 3rd quarter. Creative Planning now owns 165,756 shares of the real estate investment trust’s stock valued at $26,824,000 after buying an additional 1,130 shares during the period. Swedbank AB grew its stake in Digital Realty Trust by 99.6% in the third quarter. Swedbank AB now owns 267,241 shares of the real estate investment trust’s stock valued at $43,248,000 after acquiring an additional 133,326 shares during the period. Sumitomo Life Insurance Co. grew its stake in Digital Realty Trust by 3.0% in the third quarter. Sumitomo Life Insurance Co. now owns 6,815 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 199 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Digital Realty Trust in the third quarter worth about $1,795,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Digital Realty Trust during the third quarter worth about $202,000. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. TD Cowen upped their price target 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. Raymond James raised their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Barclays upped their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Finally, JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

Digital Realty Trust Price Performance

Shares of DLR opened at $164.73 on Friday. 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 company’s fifty day simple moving average is $176.55 and its 200 day simple moving average is $168.69. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a market cap of $54.64 billion, a price-to-earnings ratio of 138.42, a PEG ratio of 4.27 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Company 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.