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

Sumitomo Mitsui Trust Group Inc. lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,470,790 shares of the real estate investment trust’s stock after selling 144,333 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Digital Realty Trust were worth $260,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Adirondack Trust Co. boosted its position in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc raised 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 in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter worth $38,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust in the fourth quarter valued at about $42,000. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The shares were 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 can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Cowen raised 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. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Wells Fargo & Company cut their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday. Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target 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 assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust Stock Up 0.5 %

Shares of NYSE:DLR 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 debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50-day moving average is $179.23 and its 200-day moving average is $168.16. 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.

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.