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

Chevy Chase Trust Holdings LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,665 shares of the real estate investment trust’s stock after selling 1,397 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Digital Realty Trust were worth $29,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. V Square Quantitative Management LLC increased its holdings in shares of Digital Realty Trust by 1.9% during the fourth quarter. V Square Quantitative Management LLC now owns 5,755 shares of the real estate investment trust’s stock valued at $1,021,000 after acquiring an additional 106 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Digital Realty Trust by 177.2% during the fourth quarter. Vontobel Holding Ltd. now owns 15,789 shares of the real estate investment trust’s stock valued at $2,800,000 after acquiring an additional 10,094 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Digital Realty Trust by 4.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 621,826 shares of the real estate investment trust’s stock valued at $110,772,000 after buying an additional 24,596 shares during the last quarter. Avestar Capital LLC boosted its position in Digital Realty Trust by 34.6% in the fourth quarter. Avestar Capital LLC now owns 2,042 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 525 shares during the last quarter. Finally, Consolidated Planning Corp boosted its position in Digital Realty Trust by 47.2% in the fourth quarter. Consolidated Planning Corp now owns 4,699 shares of the real estate investment trust’s stock valued at $833,000 after buying an additional 1,507 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $164.06 on Friday. The business has a 50-day moving average of $176.02 and a 200 day moving average of $168.66. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The stock 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 (NYSE:DLR) last announced its earnings results 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%. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Barclays increased their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, Raymond James increased their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $179.95.

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.