Sumitomo Mitsui DS Asset Management Company Ltd Raises Position in Digital Realty Trust, Inc. (NYSE:DLR)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,058 shares of the real estate investment trust’s stock after buying an additional 9,264 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Digital Realty Trust were worth $22,709,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Adirondack Trust Co. lifted its holdings in shares of 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 purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its holdings in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust during the third quarter valued at approximately $38,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Barclays raised their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. JMP Securities initiated coverage on shares of Digital Realty Trust in a research report on Monday, January 27th. They set an “outperform” rating and a $220.00 price target for the company. TD Cowen lifted their target price on shares of 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, Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were 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 accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $168.07 on Friday. The company’s 50-day simple moving average is $179.23 and its two-hundred day simple moving average is $168.16. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The company has a market capitalization of $55.75 billion, a P/E ratio of 141.24, a P/E/G ratio of 4.16 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

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.