AdvisorNet Financial Inc trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 37.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,253 shares of the real estate investment trust’s stock after selling 1,959 shares during the quarter. AdvisorNet Financial Inc’s holdings in Digital Realty Trust were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Tyler Stone Wealth Management bought a new stake in shares of Digital Realty Trust during the 4th quarter worth about $25,000. Core Alternative Capital raised its holdings in shares of Digital Realty Trust by 1,133.3% in the 1st quarter. Core Alternative Capital now owns 222 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 204 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $31,000. Covestor Ltd bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $35,000. 95.03% of the stock is currently owned by institutional investors.
Digital Realty Trust Stock Performance
Shares of DLR opened at $112.08 on Monday. The company’s 50 day moving average price is $125.77 and its 200 day moving average price is $133.38. Digital Realty Trust, Inc. has a 52 week low of $111.00 and a 52 week high of $178.22. The company has a market capitalization of $32.21 billion, a PE ratio of 24.58, a PEG ratio of 2.42 and a beta of 0.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.55 and a current ratio of 0.55.
Digital Realty Trust Announces Dividend
Wall Street Analyst Weigh In
DLR has been the topic of a number of research reports. TheStreet downgraded shares of Digital Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. Citigroup dropped their target price on shares of Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, June 10th. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Thursday, August 18th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 13th. Finally, Jefferies Financial Group raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $151.00 to $160.00 in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $160.71.
Insider Activity at Digital Realty Trust
In related news, EVP Dyer Corey sold 6,253 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $132.40, for a total transaction of $827,897.20. Following the transaction, the executive vice president now directly owns 11,689 shares of the company’s stock, valued at $1,547,623.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.
Digital Realty Trust Company Profile
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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