Empowered Funds LLC Acquires 1,263 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Empowered Funds LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,200 shares of the real estate investment trust’s stock after buying an additional 1,263 shares during the quarter. Empowered Funds LLC’s holdings in Digital Realty Trust were worth $1,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Kingsview Wealth Management LLC raised its stake in shares of Digital Realty Trust by 51.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,857 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 1,308 shares during the last quarter. Apollon Wealth Management LLC raised its position in Digital Realty Trust by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 9,235 shares of the real estate investment trust’s stock worth $1,638,000 after purchasing an additional 224 shares during the last quarter. MWA Asset Management acquired a new position in Digital Realty Trust during the 4th quarter worth $218,000. Shepherd Financial Partners LLC boosted its position in Digital Realty Trust by 27.5% in the 4th quarter. Shepherd Financial Partners LLC now owns 9,785 shares of the real estate investment trust’s stock valued at $1,735,000 after buying an additional 2,110 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Price Performance

DLR stock opened at $164.06 on Monday. The stock has a 50-day moving average price of $175.45 and a two-hundred day moving average price of $168.94. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The stock has a market cap of $54.42 billion, a PE ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

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

Analyst Upgrades and Downgrades

DLR has been the topic of several research reports. Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Jefferies Financial Group upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have assigned 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, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

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.