Lockheed Martin Investment Management Co. Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Lockheed Martin Investment Management Co. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,560 shares of the real estate investment trust’s stock after selling 260 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Digital Realty Trust were worth $3,469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Creek Financial Management LLC raised its position in Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after acquiring an additional 59 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC increased its holdings in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 61 shares in the last quarter. Stolper Co lifted its stake in shares of Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 64 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in Digital Realty Trust by 14.3% during the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 66 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $163.49 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50 day moving average price is $180.40 and its 200 day moving average price is $168.10. The company has a market cap of $54.23 billion, a price-to-earnings ratio of 137.38, a PEG ratio of 4.16 and a beta of 0.63. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00.

Analysts Set New Price Targets

A number of research analysts have weighed in on DLR shares. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. TD Cowen upped their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, JMP Securities initiated coverage on Digital Realty Trust in a research report on Monday, January 27th. They set an “outperform” rating and a $220.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $179.70.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

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.