Short Interest in Digital Realty Trust, Inc. (NYSE:DLR) Increases By 13.3%

Digital Realty Trust, Inc. (NYSE:DLR) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,920,000 shares, an increase of 13.3% from the December 31st total of 6,990,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 4.0 days.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Large investors have recently made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth about $29,000. Adirondack Trust Co. lifted its position in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its position in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at $37,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JMP Securities initiated coverage on Digital Realty Trust in a research note on Monday, January 27th. They set an “outperform” rating and a $220.00 target price for the company. Barclays raised their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Scotiabank increased their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Price Performance

NYSE DLR traded down $2.42 on Monday, reaching $161.44. 2,241,439 shares of the stock traded hands, compared to its average volume of 2,406,613. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. 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’s fifty day simple moving average is $181.03 and its 200 day simple moving average is $168.06. The company has a market cap of $53.55 billion, a price-to-earnings ratio of 135.66, a P/E/G ratio of 4.16 and a beta of 0.63.

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.