Turning Point Benefit Group Inc. Invests $306,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Turning Point Benefit Group Inc. bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,777 shares of the real estate investment trust’s stock, valued at approximately $306,000.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its position in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $37,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 3.9 %

DLR stock opened at $165.26 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $54.82 billion, a PE ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The business’s 50 day simple moving average is $173.51 and its 200 day simple moving average is $169.43.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.05 EPS for the current year.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLR. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays boosted their target price 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. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research note on Tuesday. Finally, StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

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.