Groesbeck Investment Management Corp NJ Has $649,000 Stake in Digital Realty Trust, Inc. (DLR)

Groesbeck Investment Management Corp NJ trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,698 shares of the real estate investment trust’s stock after selling 972 shares during the quarter. Groesbeck Investment Management Corp NJ’s holdings in Digital Realty Trust were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new stake in Digital Realty Trust during the third quarter worth approximately $102,000. Grove Bank & Trust grew its stake in Digital Realty Trust by 1,284.6% during the third quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in Digital Realty Trust by 4,984.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in Digital Realty Trust during the third quarter worth approximately $134,000. Finally, Investment Counselors of Maryland LLC acquired a new stake in Digital Realty Trust during the third quarter worth approximately $154,000. Institutional investors own 98.41% of the company’s stock.

Shares of Digital Realty Trust, Inc. (DLR) opened at $102.21 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85. Digital Realty Trust, Inc. has a one year low of $98.28 and a one year high of $127.23. The company has a market capitalization of $20,330.60, a P/E ratio of 82.43, a price-to-earnings-growth ratio of 2.01 and a beta of -0.11.

Several research firms recently commented on DLR. Barclays decreased their target price on Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. UBS Group raised Digital Realty Trust from a “sell” rating to a “neutral” rating and set a $112.00 target price for the company in a research note on Monday, January 29th. Credit Suisse Group reaffirmed a “hold” rating and set a $95.00 target price on shares of Digital Realty Trust in a research note on Tuesday, January 23rd. Robert W. Baird raised Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 target price for the company in a research note on Tuesday, January 16th. Finally, Zacks Investment Research cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Digital Realty Trust presently has a consensus rating of “Buy” and an average target price of $122.94.

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Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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