Retirement Systems of Alabama Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Retirement Systems of Alabama cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,496 shares of the real estate investment trust’s stock after selling 8,410 shares during the quarter. Retirement Systems of Alabama owned approximately 0.07% of Digital Realty Trust worth $43,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Adirondack Trust Co. lifted its stake in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $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 acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Digital Realty Trust in the third quarter worth $38,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $42,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen increased their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted 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. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.70.

Digital Realty Trust Stock Up 1.3 %

DLR opened at $163.49 on Wednesday. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. 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 business’s 50-day moving average price is $180.40 and its 200-day moving average price is $168.10. The company has a market cap of $54.23 billion, a P/E ratio of 137.38, a P/E/G ratio of 4.16 and a beta of 0.63.

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 shares were 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 Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust 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.