Bogart Wealth LLC Sells 900 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Bogart Wealth LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,291 shares of the real estate investment trust’s stock after selling 900 shares during the period. Bogart Wealth LLC’s holdings in Digital Realty Trust were worth $11,933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after purchasing an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth $132,980,000. Sycomore Asset Management bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth $80,915,000. Finally, abrdn plc increased its holdings in shares of Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock worth $315,999,000 after purchasing an additional 288,772 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $164.73 on Friday. The stock’s 50-day simple moving average is $176.55 and its 200-day simple moving average is $168.69. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a market capitalization of $54.64 billion, a price-to-earnings ratio of 138.42, a PEG 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 (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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%. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on DLR. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Wells Fargo & Company cut their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Barclays lifted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

About Digital Realty Trust

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.