Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,665 shares of the real estate investment trust’s stock after selling 1,397 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Digital Realty Trust were worth $29,023,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after purchasing an additional 9,959 shares during the period. Rockefeller Capital Management L.P. boosted its position in Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd lifted its position in shares of Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after acquiring an additional 31,430 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after acquiring an additional 11,405 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Digital Realty Trust by 53.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust’s stock valued at $2,937,000 after acquiring an additional 5,788 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, February 10th. Scotiabank boosted their price objective on Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Insider Activity

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

Digital Realty Trust Stock Performance

DLR opened at $164.06 on Friday. The company has a market capitalization of $54.42 billion, a price-to-earnings ratio of 137.86, a price-to-earnings-growth ratio of 4.27 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. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The business has a 50 day moving average price of $176.02 and a two-hundred day moving average price of $168.66.

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

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.