Hartford Investment Management Co. Sells 79 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Hartford Investment Management Co. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,277 shares of the real estate investment trust’s stock after selling 79 shares during the period. Hartford Investment Management Co.’s holdings in Digital Realty Trust were worth $3,418,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DLR. Creative Planning raised its holdings in Digital Realty Trust by 0.7% in the third quarter. Creative Planning now owns 165,756 shares of the real estate investment trust’s stock worth $26,824,000 after purchasing an additional 1,130 shares in the last quarter. Swedbank AB grew its stake in shares of Digital Realty Trust by 99.6% during the third quarter. Swedbank AB now owns 267,241 shares of the real estate investment trust’s stock worth $43,248,000 after acquiring an additional 133,326 shares during the last quarter. First United Bank & Trust boosted its position in Digital Realty Trust by 7.2% in the third quarter. First United Bank & Trust now owns 4,592 shares of the real estate investment trust’s stock valued at $743,000 after buying an additional 308 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its position in Digital Realty Trust by 3.8% in the third quarter. Foster Victor Wealth Advisors LLC now owns 38,263 shares of the real estate investment trust’s stock valued at $6,089,000 after buying an additional 1,409 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in Digital Realty Trust by 6.9% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,608 shares of the real estate investment trust’s stock valued at $4,630,000 after buying an additional 1,841 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In related 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 value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 1.5 %

NYSE DLR opened at $163.12 on Thursday. The business has a fifty day moving average price of $177.10 and a 200 day moving average price of $168.72. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year 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 has a market cap of $54.11 billion, a P/E ratio of 137.08, a P/E/G ratio of 4.27 and a beta of 0.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen upped their target price on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada upped their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus upped their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

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.