Empowered Funds LLC Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR) – Form 13F Filing Analysis
Empowered Funds LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)
In a recent filing with the Securities and Exchange Commission (SEC), Empowered Funds LLC revealed that it has boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 21.8% during the first quarter. The institutional investor now owns 4,607 shares of the real estate investment trust’s stock, with a value of $664,000.
This increase in stake by Empowered Funds LLC is part of a larger trend, with other institutional investors and hedge funds also buying and selling shares of Digital Realty Trust. Public Employees Retirement System of Ohio, Clearbridge Investments LLC, Charles Schwab Investment Management Inc., Lyell Wealth Management LP, and Treasurer of the State of North Carolina are among the investors who have raised their stakes in the company.
Analysts have also been closely monitoring Digital Realty Trust, with several rating changes in recent months. BMO Capital Markets, HSBC, Deutsche Bank Aktiengesellschaft, UBS Group, and Evercore ISI have all adjusted their ratings and price targets for the stock.
Digital Realty Trust’s price performance has been solid, with the stock opening at $154.54 on Friday. The company also recently announced a quarterly dividend, further adding to its appeal for investors.
Digital Realty Trust is a key player in the data center and colocation industry, providing solutions for companies to manage their data effectively. With a strong market cap and a focus on innovation, the company continues to attract interest from investors and analysts alike.
For more information on Digital Realty Trust and its latest developments, investors can visit HoldingsChannel.com for the most up-to-date filings and insider trades.