Digital Realty Trust (NYSE:DLR) Trading Down 4.1% - Time to Sell?

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) traded down 4.1% during mid-day trading on Tuesday . The stock traded as low as $158.14 and last traded at $158.04. 407,860 shares traded hands during trading, a decline of 81% from the average session volume of 2,197,520 shares. The stock had previously closed at $164.74.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLR. Jefferies Financial Group increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. TD Cowen upped their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" 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 objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, JMP Securities began coverage on shares of Digital Realty Trust in a report on Monday, January 27th. They issued an "outperform" rating and a $220.00 target price for the company. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.95.

Digital Realty Trust Trading Down 1.5 %

The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $53.54 billion, a P/E ratio of 135.48, a P/E/G ratio of 4.16 and a beta of 0.63. The stock has a 50 day simple moving average of $181.03 and a 200-day simple moving average of $168.06.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several large investors have recently added to or reduced their stakes in DLR. Compass Capital Corp MA ADV bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $494,000. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth about $37,000. Trinity Legacy Partners LLC grew its holdings in Digital Realty Trust by 2.5% during the 4th quarter. Trinity Legacy Partners LLC now owns 24,558 shares of the real estate investment trust's stock valued at $4,355,000 after purchasing an additional 608 shares during the last quarter. ING Groep NV grew its stake in shares of Digital Realty Trust by 130.7% during the fourth quarter. ING Groep NV now owns 39,825 shares of the real estate investment trust's stock valued at $7,062,000 after buying an additional 22,564 shares during the last quarter. Finally, Pacific Sun Financial Corp boosted its holdings in Digital Realty Trust by 3.2% during the 4th quarter. Pacific Sun Financial Corp now owns 4,822 shares of the real estate investment trust's stock valued at $855,000 after acquiring an additional 148 shares during the period. 99.71% of the stock is owned by institutional investors.

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.