Sheaff Brock Investment Advisors LLC Sells 2,490 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Sheaff Brock Investment Advisors LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,236 shares of the real estate investment trust’s stock after selling 2,490 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Digital Realty Trust were worth $2,170,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. raised its stake in shares of Digital Realty Trust by 6.6% during the fourth quarter. Principal Securities Inc. now owns 6,051 shares of the real estate investment trust’s stock valued at $1,073,000 after acquiring an additional 376 shares in the last quarter. Little House Capital LLC increased its holdings in Digital Realty Trust by 1.1% during the 4th quarter. Little House Capital LLC now owns 27,927 shares of the real estate investment trust’s stock worth $4,952,000 after purchasing an additional 301 shares during the period. Montag A & Associates Inc. raised its position in Digital Realty Trust by 3,988.7% during the 4th quarter. Montag A & Associates Inc. now owns 19,912 shares of the real estate investment trust’s stock valued at $3,556,000 after purchasing an additional 19,425 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $62,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of Digital Realty Trust during the 4th quarter worth $211,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of DLR opened at $164.06 on Friday. The company’s fifty day moving average price is $175.45 and its 200-day moving average price is $168.78. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $54.42 billion, a PE ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLR. Scotiabank lifted 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. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada upped their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

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.