Digital Realty Trust, Inc. (NYSE:DLR) Position Trimmed by Redmond Asset Management LLC

Redmond Asset Management LLC cut its stake 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 institutional investor owned 15,239 shares of the real estate investment trust’s stock after selling 363 shares during the quarter. Redmond Asset Management LLC’s holdings in Digital Realty Trust were worth $2,702,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DLR. Daiwa Securities Group Inc. boosted its holdings in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after buying an additional 117,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 worth $700,224,000 after buying an additional 3,607,802 shares during the period. Principal Financial Group Inc. boosted its position in shares of Digital Realty Trust by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock worth $700,486,000 after buying an additional 79,322 shares during the period. abrdn plc boosted its position in Digital Realty Trust by 17.3% during the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock worth $315,999,000 after acquiring an additional 288,772 shares during the period. Finally, Pathway Financial Advisers LLC boosted its position in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Down 3.9 %

NYSE DLR opened at $165.26 on Friday. The firm has a 50-day simple moving average of $173.51 and a 200 day simple moving average of $169.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The stock has a market cap of $54.82 billion, a PE ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Digital Realty Trust, Inc. will post 7.05 EPS for the current year.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DLR. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JMP Securities reissued a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

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.