Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 50.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,207 shares of the real estate investment trust’s stock after selling 3,319 shares during the period. Verity Asset Management Inc.’s holdings in Digital Realty Trust were worth $563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Adirondack Trust Co. increased its position in 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 worth $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc increased its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust in the 3rd quarter worth $38,000. Finally, First Financial Corp IN acquired a new position in Digital Realty Trust in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Scotiabank increased their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $180.95.

Digital Realty Trust Stock Down 1.5 %

NYSE:DLR opened at $161.44 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 135.66, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The stock has a 50-day simple moving average of $181.03 and a 200 day simple moving average of $168.06.

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.