Greenwood Capital Associates LLC Cuts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Greenwood Capital Associates LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,431 shares of the real estate investment trust’s stock after selling 301 shares during the period. Greenwood Capital Associates LLC’s holdings in Digital Realty Trust were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Adirondack Trust Co. increased its holdings in Digital Realty Trust by 68.6% during the third 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 during the period. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc raised its position in shares of Digital Realty Trust by 480.6% in the 4th 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 purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth $38,000. Finally, First Financial Corp IN purchased a new position in Digital Realty Trust in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of 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 research report on Wednesday, January 15th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Two research 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 data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Digital Realty Trust Stock Down 1.7 %

Digital Realty Trust stock opened at $161.12 on Tuesday. The business’s 50-day moving average price is $181.03 and its 200 day moving average price is $168.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $53.44 billion, a price-to-earnings ratio of 134.76, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.