Ferguson Wellman Capital Management Inc. Trims Position in Digital Realty Trust, Inc. (NYSE:DLR)

Ferguson Wellman Capital Management Inc. decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,824 shares of the real estate investment trust’s stock after selling 112 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Digital Realty Trust were worth $501,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the period. First Financial Corp IN purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $42,000. Crews Bank & Trust purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $42,000. Finally, Dunhill Financial LLC raised its stake in Digital Realty Trust by 84.4% during the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

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

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

DLR has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Barclays increased their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $179.70.

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.