BankPlus Trust Department Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

BankPlus Trust Department purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,184 shares of the real estate investment trust’s stock, valued at approximately $1,806,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DLR shares. Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $165.26 on Monday. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a 50-day moving average of $173.51 and a two-hundred day moving average of $169.73. The stock has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a P/E/G ratio of 4.38 and a beta of 0.63.

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

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.