Kingsview Wealth Management LLC Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Kingsview Wealth Management LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,857 shares of the real estate investment trust’s stock after acquiring an additional 1,308 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Digital Realty Trust were worth $684,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its position in shares of Digital Realty Trust by 480.6% during the fourth 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 in the last quarter. First Financial Corp IN bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $42,000. Crews Bank & Trust acquired a new stake in Digital Realty Trust in the fourth quarter valued at $42,000. Finally, Dunhill Financial LLC boosted its stake in Digital Realty Trust by 84.4% during the 3rd quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DLR shares. Royal Bank of Canada upped 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 note on Monday, October 28th. Barclays upped their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Raymond James increased their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Scotiabank raised 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $179.70.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $163.12 on Thursday. The firm’s 50-day simple moving average is $177.10 and its 200 day simple moving average is $168.72. The stock has a market cap of $54.11 billion, a P/E ratio of 137.08, a P/E/G ratio of 4.27 and a beta of 0.63. 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 fifty-two week low of $131.42 and a fifty-two week high of $198.00.

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.