Mainstay Capital Management LLC ADV Acquires 1,674 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Mainstay Capital Management LLC ADV boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,194 shares of the real estate investment trust’s stock after purchasing an additional 1,674 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Digital Realty Trust were worth $1,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Private Advisor Group LLC lifted its stake in Digital Realty Trust by 8.6% during the third quarter. Private Advisor Group LLC now owns 13,006 shares of the real estate investment trust’s stock worth $2,105,000 after purchasing an additional 1,027 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Digital Realty Trust by 20.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,546 shares of the real estate investment trust’s stock worth $8,504,000 after buying an additional 8,806 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Digital Realty Trust by 18.2% during the third quarter. Forsta AP Fonden now owns 70,100 shares of the real estate investment trust’s stock worth $11,344,000 after buying an additional 10,800 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Digital Realty Trust by 1.0% during the third quarter. PFG Investments LLC now owns 8,482 shares of the real estate investment trust’s stock worth $1,373,000 after buying an additional 80 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Digital Realty Trust by 594.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,028 shares of the real estate investment trust’s stock worth $16,835,000 after buying an additional 89,052 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Barclays raised their price objective 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. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Trading Down 3.9 %

Shares of NYSE DLR opened at $165.26 on Monday. The company’s fifty day moving average is $173.51 and its 200-day moving average is $169.73. The stock has a market cap of $54.82 billion, a price-to-earnings ratio of 102.01, a P/E/G ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

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.