Kestra Private Wealth Services LLC Has $2.57 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Kestra Private Wealth Services LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,472 shares of the real estate investment trust’s stock after acquiring an additional 2,752 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Digital Realty Trust were worth $2,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC boosted its stake 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 worth $1,099,000 after acquiring an additional 1,263 shares during the period. Kingsview Wealth Management LLC increased its holdings 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 valued at $684,000 after purchasing an additional 1,308 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 2.5% during 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 buying an additional 224 shares during the last quarter. MWA Asset Management acquired a new position in Digital Realty Trust in the 4th quarter valued at about $218,000. Finally, Shepherd Financial Partners LLC lifted its position in Digital Realty Trust by 27.5% during the fourth quarter. Shepherd Financial Partners LLC now owns 9,785 shares of the real estate investment trust’s stock worth $1,735,000 after acquiring an additional 2,110 shares during the last quarter. Institutional investors 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 on 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $165.38 on Wednesday. The company has a market capitalization of $54.86 billion, a price-to-earnings ratio of 138.97, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The stock has a fifty day simple moving average of $177.62 and a 200 day simple moving average of $168.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLR. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price target 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. JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.