Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 27.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,785 shares of the real estate investment trust’s stock after purchasing an additional 2,110 shares during the period. Shepherd Financial Partners LLC’s holdings in Digital Realty Trust were worth $1,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust during the third quarter worth approximately $38,000. First Financial Corp IN purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Crews Bank & Trust acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen raised their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Scotiabank raised their target price on Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $168.19 on Friday. The firm has a market cap of $55.79 billion, a PE ratio of 141.34, a price-to-earnings-growth ratio of 4.16 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 business’s fifty day simple moving average is $178.69 and its 200-day simple moving average is $168.16.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

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.