Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,474 shares of the real estate investment trust’s stock after selling 119 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in Digital Realty Trust were worth $261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its position in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $165.26 on Friday. The firm has a market cap of $54.82 billion, a price-to-earnings ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. 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 1 year low of $135.54 and a 1 year high of $198.00. The stock’s 50-day moving average is $173.51 and its two-hundred day moving average is $169.43.

Digital Realty Trust (NYSE:DLR) last issued 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 net margin of 10.85% and a return on equity of 2.97%. Analysts predict that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DLR shares. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a report on Tuesday. Truist Financial upped their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Raymond James lifted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Insider Transactions at Digital Realty Trust

In other 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 transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

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.