Digital Realty Trust, Inc. (NYSE:DLR) Position Lowered by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 32.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,008 shares of the real estate investment trust’s stock after selling 39,627 shares during the quarter. Sanctuary Advisors LLC’s holdings in Digital Realty Trust were worth $13,468,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DLR. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc lifted 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 acquiring an additional 173 shares during the last quarter. First Financial Corp IN bought a new position in Digital Realty Trust in the fourth quarter worth about $42,000. Finally, Crews Bank & Trust bought a new position in Digital Realty Trust in the fourth quarter worth about $42,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DLR shares. JMP Securities reissued a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday. Truist Financial raised their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen raised their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, Raymond James raised their price target on shares of 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.95.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Price Performance

NYSE DLR opened at $165.49 on Wednesday. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. 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 firm has a market capitalization of $54.90 billion, a PE ratio of 139.07, a P/E/G ratio of 4.27 and a beta of 0.63. The company’s 50 day simple moving average is $174.97 and its 200 day simple moving average is $169.16.

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

About Digital Realty Trust

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.