Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 122.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,353 shares of the real estate investment trust's stock after acquiring an additional 2,394 shares during the quarter. Vise Technologies Inc.'s holdings in Digital Realty Trust were worth $772,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $29,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $35,000. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $37,000. Crews Bank & Trust acquired a new position in Digital Realty Trust in the fourth quarter valued at $42,000. Finally, SRS Capital Advisors Inc. grew its position in Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 201 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.7%

Shares of DLR stock traded down $1.15 during mid-day trading on Wednesday, reaching $169.53. 1,838,811 shares of the company were exchanged, compared to its average volume of 1,975,875. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business's 50 day simple moving average is $155.22 and its 200 day simple moving average is $166.89. The company has a market capitalization of $57.09 billion, a P/E ratio of 104.65, a P/E/G ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group restated a "buy" rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Truist Financial reduced their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Bank of America started coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

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.