Shepherd Financial Partners LLC Expands Investment in Digital Realty Trust

Shepherd Financial Partners LLC has increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 27.5% during the fourth quarter, as indicated in the latest filing with the Securities and Exchange Commission (SEC). This move adds 2,110 shares to their portfolio, bringing their total to 9,785 shares, which were valued at approximately $1,735,000 at the close of the last quarter.

The trend of institutional investment in Digital Realty Trust continues, with various hedge funds adjusting their holdings. For instance, Golden State Wealth Management LLC entered a new investment valued at about $62,000 in the same quarter. Additionally, FFG Partners LLC raised its stake by 1.8%, owning 65,738 shares worth $11,657,000 after acquiring 1,186 more shares. Global X Japan Co. Ltd. and Sumitomo Mitsui DS Asset Management Company Ltd. also increased their positions in the company by 12.8% and 7.8%, respectively. Meanwhile, Silver Oak Securities Incorporated established a new investment position valued at $1,245,000. In total, institutional investors control an impressive 99.71% of Digital Realty Trust's stock.

Analyst Insights on Digital Realty Trust

Investment analysts have shared differing opinions regarding Digital Realty Trust. Scotiabank recently raised their price target for the stock from $178.00 to $208.00, maintaining a "sector perform" rating. Likewise, Barclays adjusted its price objective from $135.00 to $142.00 but issued an "underweight" rating. Conversely, Raymond James has shown greater optimism by increasing their target from $170.00 to $190.00 and designating the stock as a "strong-buy." Evercore ISI also lifted their price target from $160.00 to $175.00 and rated the company as "outperform". The ratings landscape shows two analysts suggesting a sell, six offering hold recommendations, fourteen endorsing buy ratings, and two advocating for a strong buy. As noted by MarketBeat.com, Digital Realty Trust currently carries an average rating of "Moderate Buy" and an average target price of $179.70.

Insider Trading Activity

In recent insider trading news, Chief Financial Officer Matt Mercier sold 2,518 shares of Digital Realty Trust on December 12 at an average price of $187.40, totaling approximately $471,873. This transaction was duly noted in SEC filings. At present, insiders hold about 0.17% of the company's stock.

Market Performance of Digital Realty Trust

Currently, Digital Realty Trust (DLR) trades at around $168.19 per share. The company has shown solid financial metrics with a quick ratio and current ratio of 1.61, and a debt-to-equity ratio standing at 0.81. Its fifty-day moving average is $178.69, while the two-hundred-day moving average is $168.16. Digital Realty Trust boasts a market capitalization of $55.79 billion, along with a P/E ratio of 141.34 and a PEG ratio of 4.16. Over the past year, the stock has experienced a low of $131.42 and a high of $198.00.

About Digital Realty Trust

Digital Realty Trust, Inc. operates as a real estate investment trust (REIT) that provides data center, colocation, and interconnection solutions. Its services cater to a variety of industries including artificial intelligence (AI), cloud computing, mobile communications, financial services, healthcare, and gaming.

Investment Considerations

Before making investment decisions, potential investors should consider the current market landscape and the analysis provided by experts. Digital Realty Trust currently maintains a "Moderate Buy" rating, suggesting a favorable outlook, but investors should also explore other stocks that analysts recommend as potentially better opportunities.

Investment, Finance, Stocks