Red Cedar Investment Management LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 35.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,886 shares of the real estate investment trust's stock after selling 2,643 shares during the quarter. Red Cedar Investment Management LLC's holdings in Digital Realty Trust were worth $866,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock valued at $700,224,000 after purchasing an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock valued at $299,433,000 after buying an additional 1,838,278 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Digital Realty Trust in the 3rd quarter valued at $132,980,000. Sycomore Asset Management purchased a new position in Digital Realty Trust during the 3rd quarter worth $80,915,000. Finally, abrdn plc boosted its holdings in shares of Digital Realty Trust by 17.3% in the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust's stock valued at $315,999,000 after acquiring an additional 288,772 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Stock Up 2.4 %
Digital Realty Trust stock traded up $4.00 during midday trading on Wednesday, hitting $169.65. 2,119,173 shares of the company were exchanged, compared to its average volume of 2,347,033. The company's fifty day moving average price is $174.56 and its 200-day moving average price is $169.26. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a market cap of $56.28 billion, a PE ratio of 104.72, a price-to-earnings-growth ratio of 4.19 and a beta of 0.63.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.06 EPS for the current fiscal year.
Insider Buying and Selling at Digital Realty Trust
In other Digital Realty Trust 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. 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 Tuesday. Finally, Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $179.95.
Check Out Our Latest Research Report on Digital Realty Trust
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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