Thompson Investment Management Inc. Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Thompson Investment Management Inc. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 56.6% in the 4th quarter, Holdings Channel reports. The fund owned 183 shares of the real estate investment trust’s stock after selling 239 shares during the period. Thompson Investment Management Inc.’s holdings in Digital Realty Trust were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Empowered Funds LLC increased its holdings in Digital Realty Trust by 25.6% during the 4th quarter. Empowered Funds LLC now owns 6,200 shares of the real estate investment trust’s stock worth $1,099,000 after purchasing an additional 1,263 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Digital Realty Trust by 51.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,857 shares of the real estate investment trust’s stock worth $684,000 after buying an additional 1,308 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Digital Realty Trust by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 9,235 shares of the real estate investment trust’s stock worth $1,638,000 after buying an additional 224 shares during the last quarter. MWA Asset Management acquired a new stake in Digital Realty Trust in the fourth quarter valued at $218,000. Finally, Shepherd Financial Partners LLC lifted its position in shares of Digital Realty Trust by 27.5% during the fourth quarter. Shepherd Financial Partners LLC now owns 9,785 shares of the real estate investment trust’s stock worth $1,735,000 after purchasing an additional 2,110 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DLR. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Scotiabank raised their price target on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. JMP Securities assumed coverage on Digital Realty Trust in a research note on Monday, January 27th. They set an “outperform” rating and a $220.00 price objective for the company. Finally, UBS Group upgraded 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 research report on Tuesday, January 7th. Two equities 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. According to data from MarketBeat.com, Digital Realty Trust 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 company’s stock in a transaction that occurred 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 accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.0 %

Shares of NYSE:DLR opened at $168.19 on Monday. The stock has a market capitalization of $55.79 billion, a price-to-earnings ratio of 141.34, a PEG ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a 50 day moving average price of $178.14 and a 200 day moving average price of $168.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust 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.