New Mexico Educational Retirement Board Sells 1,200 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

New Mexico Educational Retirement Board lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.6% during the fourth quarter, HoldingsChannel reports. The firm owned 14,650 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Digital Realty Trust were worth $2,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Adell Harriman & Carpenter Inc. raised its stake in shares of Digital Realty Trust by 4.3% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 34,919 shares of the real estate investment trust’s stock worth $6,192,000 after purchasing an additional 1,436 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Digital Realty Trust by 10.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,491 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 327 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Digital Realty Trust by 1.9% in the 4th 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 during the period. Vontobel Holding Ltd. raised its stake in Digital Realty Trust by 177.2% in the 4th 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 during the period. Finally, Asset Management One Co. Ltd. raised its stake in Digital Realty Trust by 4.1% in the 4th 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 acquiring an additional 24,596 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $164.06 on Friday. The stock’s 50-day simple moving average is $175.45 and its 200 day simple moving average is $168.78. 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. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DLR shares. Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Barclays increased their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Jefferies Financial Group increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James increased their price target 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. Finally, Truist Financial upped their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.

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.