Perigon Wealth Management LLC Buys New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Perigon Wealth Management LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,188 shares of the real estate investment trust’s stock, valued at approximately $214,000.

A number of other large investors have also made changes to their positions in DLR. Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the period. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter worth $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DLR. Wells Fargo & Company increased their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Jefferies Financial Group increased 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 report on Friday, October 25th. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Price Performance

DLR stock opened at $161.44 on Tuesday. The stock has a market cap of $53.55 billion, a PE ratio of 135.66, a price-to-earnings-growth ratio of 4.16 and a beta of 0.64. The stock has a 50-day moving average price of $181.03 and a two-hundred day moving average price of $168.06. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

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. Corporate insiders own 0.17% of the company’s stock.

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.