Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,652 shares of the real estate investment trust’s stock after selling 5,253 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Digital Realty Trust were worth $3,130,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc grew its holdings in 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 acquiring an additional 173 shares during the period. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust in the fourth quarter worth $37,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust in the fourth quarter valued at $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays upped their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen 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 has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Stock Down 3.7 %

DLR stock opened at $159.32 on Tuesday. The stock has a market capitalization of $52.85 billion, a P/E ratio of 98.34, a PEG ratio of 4.38 and a beta of 0.63. The company has a 50 day moving average price of $172.99 and a two-hundred day moving average price of $169.80. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. 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 (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

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.