Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Robbins Farley

Robbins Farley lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,885 shares of the real estate investment trust’s stock after selling 1,108 shares during the period. Robbins Farley’s holdings in Digital Realty Trust were worth $1,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adirondack Trust Co. grew its stake in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its position in 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 acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust in the third quarter valued at approximately $38,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DLR. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.95.

Digital Realty Trust Stock Down 1.5 %

Shares of DLR stock opened at $161.44 on Tuesday. The stock’s 50 day simple moving average is $181.03 and its 200 day simple moving average is $168.06. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 135.66, a PEG ratio of 4.16 and a beta of 0.63.

Digital Realty Trust Company 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.