Red Cedar Investment Management LLC Sells 2,643 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Red Cedar Investment Management LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,886 shares of the real estate investment trust’s stock after selling 2,643 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Digital Realty Trust were worth $866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Creative Planning raised its holdings in Digital Realty Trust by 0.7% during the 3rd quarter. Creative Planning now owns 165,756 shares of the real estate investment trust’s stock worth $26,824,000 after purchasing an additional 1,130 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Digital Realty Trust during the 3rd quarter worth about $1,795,000. Cornerstone Wealth Management LLC bought a new stake in Digital Realty Trust during the 3rd quarter worth about $202,000. Global Retirement Partners LLC raised its holdings in Digital Realty Trust by 2.6% during the 3rd quarter. Global Retirement Partners LLC now owns 9,946 shares of the real estate investment trust’s stock worth $1,610,000 after purchasing an additional 252 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Digital Realty Trust by 2.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,272 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 99 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was 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 SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus upped their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company lowered their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Trading Down 0.5 %

NYSE:DLR opened at $164.06 on Friday. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $176.02 and a two-hundred day moving average price of $168.66. The company has a market cap of $54.42 billion, a P/E ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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 return on equity of 2.24% and a net margin of 8.04%. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal 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.