Stephens Inc. AR Sells 11,107 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Stephens Inc. AR lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 27.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,032 shares of the real estate investment trust’s stock after selling 11,107 shares during the quarter. Stephens Inc. AR’s holdings in Digital Realty Trust were worth $5,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in shares of Digital Realty Trust by 25.6% in the fourth quarter. Empowered Funds LLC now owns 6,200 shares of the real estate investment trust’s stock worth $1,099,000 after purchasing an additional 1,263 shares during the period. Kingsview Wealth Management LLC grew its stake in Digital Realty Trust by 51.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,857 shares of the real estate investment trust’s stock worth $684,000 after buying an additional 1,308 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Digital Realty Trust by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 9,235 shares of the real estate investment trust’s stock valued at $1,638,000 after buying an additional 224 shares during the period. MWA Asset Management bought a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $218,000. Finally, Shepherd Financial Partners LLC boosted its position in shares of Digital Realty Trust by 27.5% during the 4th quarter. Shepherd Financial Partners LLC now owns 9,785 shares of the real estate investment trust’s stock worth $1,735,000 after acquiring an additional 2,110 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DLR shares. TD Cowen upped their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Barclays upped their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JMP Securities restated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday. Finally, Raymond James increased their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $179.70.

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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Down 1.1 %

Shares of NYSE DLR opened at $166.14 on Tuesday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. 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’s 50 day moving average price is $178.14 and its 200-day moving average price is $168.45. The company has a market capitalization of $55.11 billion, a P/E ratio of 139.61, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63.

Digital Realty Trust Company 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.