Northstar Asset Management Inc. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,831 shares of the real estate investment trust's stock after selling 2,731 shares during the quarter. Digital Realty Trust accounts for approximately 2.6% of Northstar Asset Management Inc.'s holdings, making the stock its 15th biggest holding. Northstar Asset Management Inc.'s holdings in Digital Realty Trust were worth $9,901,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Pinnbrook Capital Management LP purchased a new position in Digital Realty Trust in the 4th quarter worth $6,187,000. D.A. Davidson & CO. raised its stake in shares of Digital Realty Trust by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 32,084 shares of the real estate investment trust's stock valued at $5,689,000 after acquiring an additional 1,330 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Digital Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 47,707 shares of the real estate investment trust's stock worth $8,460,000 after buying an additional 2,610 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $64,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Digital Realty Trust by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust's stock valued at $700,486,000 after purchasing an additional 79,322 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on DLR shares. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a report on Monday, November 18th. Finally, StockNews.com upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $179.95.
Read Our Latest Report on DLR
Digital Realty Trust Stock Down 3.9 %
Shares of Digital Realty Trust stock traded down $6.74 on Friday, reaching $165.26. The company's stock had a trading volume of 2,498,440 shares, compared to its average volume of 2,345,157. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The firm's fifty day simple moving average is $173.51 and its two-hundred day simple moving average is $169.43. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 102.01, a P/E/G ratio of 4.33 and a beta of 0.63.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current year.
Insider Transactions at Digital Realty Trust
In related news, CFO Matt Mercier sold 2,518 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company's stock.
Digital Realty Trust Profile
(
Free Report)
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.
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