Sovran Advisors LLC Purchases Shares of 4,150 Digital Realty Trust, Inc. (NYSE:DLR)

Sovran Advisors LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,150 shares of the real estate investment trust’s stock, valued at approximately $722,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Armor Investment Advisors LLC boosted its stake in Digital Realty Trust by 1.7% in the fourth quarter. Armor Investment Advisors LLC now owns 31,390 shares of the real estate investment trust’s stock valued at $5,566,000 after acquiring an additional 514 shares in the last quarter. Focus Financial Network Inc. grew its stake in Digital Realty Trust by 12.2% during the 4th quarter. Focus Financial Network Inc. now owns 1,627 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 177 shares during the last quarter. Savant Capital LLC increased its position in Digital Realty Trust by 7.8% during the 4th quarter. Savant Capital LLC now owns 5,208 shares of the real estate investment trust’s stock valued at $923,000 after buying an additional 375 shares in the last quarter. Stiles Financial Services Inc raised its stake in Digital Realty Trust by 14.9% in the fourth quarter. Stiles Financial Services Inc now owns 13,331 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 1,732 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Digital Realty Trust in the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE:DLR opened at $165.38 on Wednesday. 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 stock’s 50-day moving average price is $177.62 and its 200-day moving average price is $168.59. The stock has a market capitalization of $54.86 billion, a PE ratio of 138.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Evercore ISI upped their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Raymond James lifted their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust 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.