Bristlecone Advisors LLC Sells 120 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Bristlecone Advisors LLC lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,337 shares of the real estate investment trust’s stock after selling 120 shares during the period. Bristlecone Advisors LLC’s holdings in Digital Realty Trust were worth $237,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DLR. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its position in shares of Digital Realty Trust by 480.6% during 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 during the last quarter. First Financial Corp IN bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $42,000. Crews Bank & Trust bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $42,000. Finally, Dunhill Financial LLC raised its position in shares of Digital Realty Trust by 84.4% during the 3rd quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $166.14 on Tuesday. The firm has a market cap of $55.11 billion, a PE ratio of 139.61, a PEG ratio of 4.27 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a fifty day moving average price of $178.14 and a 200 day moving average price of $168.45.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays upped their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. TD Cowen upped their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday. Finally, Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.70.

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.