Allworth Financial LP Has $7.24 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Allworth Financial LP reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,709 shares of the real estate investment trust’s stock after selling 247 shares during the period. Allworth Financial LP’s holdings in Digital Realty Trust were worth $7,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the last quarter. First Financial Corp IN bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $42,000. Crews Bank & Trust acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Dunhill Financial LLC grew its position in Digital Realty Trust by 84.4% in the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 124 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DLR. Scotiabank lifted their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Down 0.5 %

Digital Realty Trust stock opened at $164.06 on Monday. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The stock has a market cap of $54.42 billion, a price-to-earnings ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The business has a 50 day moving average price of $175.45 and a two-hundred day moving average price of $168.94. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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 2.24% and a net margin of 8.04%. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

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.