Buckingham Capital Management Inc. Trims Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Buckingham Capital Management Inc. decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,806 shares of the real estate investment trust’s stock after selling 146 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Digital Realty Trust were worth $320,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc raised its position in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the last quarter. First Financial Corp IN acquired a new stake in Digital Realty Trust during the 4th quarter worth $42,000. Finally, Crews Bank & Trust purchased a new position in Digital Realty Trust during the 4th quarter worth $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DLR. Evercore ISI increased their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Raymond James lifted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Scotiabank increased their price target on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, February 10th. Finally, UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Down 0.5 %

DLR stock opened at $164.06 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company’s 50 day simple moving average is $175.45 and its 200-day simple moving average is $169.08. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The firm has a market capitalization of $54.42 billion, a PE ratio of 137.86, a P/E/G ratio of 4.27 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Equities analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

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.