Red Cedar Investment Management LLC Sells 2,643 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Red Cedar Investment Management LLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 35.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,886 shares of the real estate investment trust’s stock after selling 2,643 shares during the period. Red Cedar Investment Management LLC’s holdings in Digital Realty Trust were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its stake in Digital Realty Trust by 1.9% in the 4th quarter. V Square Quantitative Management LLC now owns 5,755 shares of the real estate investment trust’s stock valued at $1,021,000 after acquiring an additional 106 shares during the period. Vontobel Holding Ltd. raised its stake in Digital Realty Trust by 177.2% in the 4th quarter. Vontobel Holding Ltd. now owns 15,789 shares of the real estate investment trust’s stock valued at $2,800,000 after acquiring an additional 10,094 shares during the period. Asset Management One Co. Ltd. raised its stake in Digital Realty Trust by 4.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 621,826 shares of the real estate investment trust’s stock valued at $110,772,000 after acquiring an additional 24,596 shares during the period. Avestar Capital LLC increased its position in Digital Realty Trust by 34.6% during the 4th quarter. Avestar Capital LLC now owns 2,042 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 525 shares during the period. Finally, Consolidated Planning Corp increased its position in Digital Realty Trust by 47.2% during the 4th quarter. Consolidated Planning Corp now owns 4,699 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 1,507 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. StockNews.com upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday. JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, February 10th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Raymond James increased their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $164.06 on Friday. The stock’s 50-day simple moving average is $176.02 and its 200 day simple moving average is $168.66. The firm has a market capitalization of $54.42 billion, a PE ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Company 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.