Digital Realty Trust, Inc. (NYSE:DLR) Position Decreased by Nvwm LLC

Nvwm LLC reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 14.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,227 shares of the real estate investment trust’s stock after selling 554 shares during the period. Nvwm LLC’s holdings in Digital Realty Trust were worth $572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Mirae Asset Global Investments Co. Ltd. raised its holdings in Digital Realty Trust by 31.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,946 shares of the real estate investment trust’s stock worth $11,724,000 after buying an additional 16,400 shares during the period. Groesbeck Investment Management Corp NJ acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $2,284,000. Spirit of America Management Corp NY boosted its stake in Digital Realty Trust by 2.9% in the 4th quarter. Spirit of America Management Corp NY now owns 28,831 shares of the real estate investment trust’s stock worth $5,113,000 after purchasing an additional 800 shares during the period. E. Ohman J or Asset Management AB raised its stake in Digital Realty Trust by 10.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 14,300 shares of the real estate investment trust’s stock valued at $2,536,000 after purchasing an additional 1,400 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Digital Realty Trust by 55.0% in the fourth quarter. Jennison Associates LLC now owns 27,476 shares of the real estate investment trust’s stock valued at $4,872,000 after purchasing an additional 9,751 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on DLR. TD Cowen raised their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Evercore ISI raised their price objective 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. Wells Fargo & Company cut their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $179.70.

Digital Realty Trust Stock Up 2.4 %

NYSE DLR opened at $167.34 on Thursday. The stock’s 50 day moving average is $179.79 and its two-hundred day moving average is $168.16. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a market capitalization of $55.51 billion, a price-to-earnings ratio of 140.62, a PEG ratio of 4.16 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Insider Activity 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 shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently 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.