Kentucky Trust Co Invests $97,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Kentucky Trust Co purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 545 shares of the real estate investment trust’s stock, valued at approximately $97,000.

Several 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 shares of Digital Realty Trust by 2.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after buying an additional 117,461 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Digital Realty Trust by 501.7% during the 3rd 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 purchasing an additional 3,607,802 shares in the last quarter. abrdn plc increased its position in Digital Realty Trust by 17.3% during the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock worth $315,999,000 after purchasing an additional 288,772 shares in the last quarter. Pathway Financial Advisers LLC increased its position in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position 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 worth $261,375,000 after purchasing an additional 40,491 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. Barclays lifted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company 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 lifted their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $179.70.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $163.12 on Thursday. The stock’s 50 day moving average price is $177.10 and its 200 day moving average price is $168.72. The firm has a market capitalization of $54.11 billion, a PE ratio of 137.08, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00.

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.