Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by abrdn plc

abrdn plc lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,931,705 shares of the real estate investment trust’s stock after selling 24,036 shares during the quarter. Digital Realty Trust makes up 0.6% of abrdn plc’s holdings, making the stock its 25th largest holding. abrdn plc’s holdings in Digital Realty Trust were worth $341,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after acquiring an additional 9,959 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after acquiring an additional 23,028 shares during the period. Cumberland Partners Ltd increased its stake in shares of Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after acquiring an additional 31,430 shares during the period. Capital Investment Advisors LLC grew its position in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after buying an additional 11,405 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in Digital Realty Trust by 53.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust’s stock valued at $2,937,000 after buying an additional 5,788 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $161.44 on Tuesday. The company’s 50-day moving average price is $181.03 and its 200-day moving average price is $168.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $53.55 billion, a P/E ratio of 135.66, a P/E/G ratio of 4.16 and a beta of 0.64. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Scotiabank raised their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. Barclays raised their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Finally, Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Check Out Our Latest Research Report on DLR

Digital Realty Trust Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLRFree Report).

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.