Newbridge Financial Services Group Inc. Acquires Shares of 336 Digital Realty Trust, Inc. (NYSE:DLR)

Newbridge Financial Services Group Inc. bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 336 shares of the real estate investment trust’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its holdings in Digital Realty Trust by 23.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 14,472 shares of the real estate investment trust’s stock valued at $2,566,000 after purchasing an additional 2,752 shares during the period. Empowered Funds LLC lifted its position in shares of Digital Realty Trust by 25.6% during the 4th quarter. Empowered Funds LLC now owns 6,200 shares of the real estate investment trust’s stock valued at $1,099,000 after buying an additional 1,263 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Digital Realty Trust by 51.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,857 shares of the real estate investment trust’s stock valued at $684,000 after acquiring an additional 1,308 shares during the period. Apollon Wealth Management LLC increased its holdings 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 acquiring an additional 224 shares in the last quarter. Finally, MWA Asset Management acquired a new position in Digital Realty Trust during the fourth quarter worth $218,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 1.1 %

Shares of NYSE DLR opened at $166.14 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a market capitalization of $55.11 billion, a P/E ratio of 139.61, a P/E/G ratio of 4.27 and a beta of 0.63. The company has a 50 day simple moving average of $178.14 and a 200-day simple moving average of $168.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DLR shares. Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Scotiabank boosted their price objective on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Monday. Finally, TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.70.

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.