Stock Yards Bank & Trust Co. Sells 363 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Stock Yards Bank & Trust Co. decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,631 shares of the real estate investment trust’s stock after selling 363 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Digital Realty Trust were worth $2,772,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Horst & Graben Wealth Management LLC lifted its position in shares of Digital Realty Trust by 6.2% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 12,792 shares of the real estate investment trust’s stock worth $2,268,000 after acquiring an additional 743 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in shares of Digital Realty Trust by 3.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 11,738 shares of the real estate investment trust’s stock worth $2,082,000 after acquiring an additional 346 shares during the period. Greenleaf Trust lifted its position in shares of Digital Realty Trust by 5.2% in the 4th quarter. Greenleaf Trust now owns 4,458 shares of the real estate investment trust’s stock worth $791,000 after acquiring an additional 222 shares during the period. Golden State Equity Partners lifted its position in shares of Digital Realty Trust by 213.4% in the 4th quarter. Golden State Equity Partners now owns 2,363 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 1,609 shares during the period. Finally, Spire Wealth Management lifted its position in shares of Digital Realty Trust by 7.5% in the 4th quarter. Spire Wealth Management now owns 3,104 shares of the real estate investment trust’s stock worth $550,000 after acquiring an additional 217 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Activity

In other 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $163.80 on Monday. 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 50 day simple moving average of $181.03 and a two-hundred day simple moving average of $167.98. The company has a market capitalization of $54.33 billion, a price-to-earnings ratio of 137.65, a P/E/G ratio of 4.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DLR. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Evercore ISI raised their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. TD Cowen raised their target price 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. Royal Bank of Canada raised their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $180.95.

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.