Sumitomo Mitsui Trust Group Inc. Sells 144,333 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,470,790 shares of the real estate investment trust’s stock after selling 144,333 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.44% of Digital Realty Trust worth $260,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DLR. Czech National Bank grew its holdings in shares of Digital Realty Trust by 1.4% in the 3rd quarter. Czech National Bank now owns 62,695 shares of the real estate investment trust’s stock valued at $10,146,000 after buying an additional 859 shares during the period. Mather Group LLC. increased its holdings in shares of Digital Realty Trust by 17.9% in the third quarter. Mather Group LLC. now owns 3,491 shares of the real estate investment trust’s stock worth $565,000 after acquiring an additional 531 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of Digital Realty Trust by 9.9% during the third quarter. Atomi Financial Group Inc. now owns 1,709 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 154 shares during the period. Brookstone Capital Management lifted its holdings in shares of Digital Realty Trust by 17.0% during the 3rd quarter. Brookstone Capital Management now owns 18,060 shares of the real estate investment trust’s stock valued at $2,923,000 after purchasing an additional 2,619 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at approximately $38,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 0.5 %

Shares of Digital Realty Trust stock opened at $168.07 on Friday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a market capitalization of $55.75 billion, a price-to-earnings ratio of 141.24, a P/E/G ratio of 4.16 and a beta of 0.63. The business has a fifty day simple moving average of $179.23 and a two-hundred day simple moving average of $168.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DLR. TD Cowen lifted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.