By otakuyassine3@gmail.com 
Digital Realty Trust, Inc. (NYSE:DLR – Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 7,920,000 shares, a growth of 13.3% from the December 31st total of 6,990,000 shares. Based on an average daily volume of 1,970,000 shares, the days-to-cover ratio is currently 4.0 days.
Insiders Place Their Bets
In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred 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 legal filing with the SEC, which is available through this link. Corporate insiders own 0.17% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its position in Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 59 shares during the last quarter. Trueblood Wealth Management LLC raised its position in shares of Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 61 shares during the period. Stolper Co boosted its holdings in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after acquiring an additional 64 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after acquiring an additional 64 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Price Performance
NYSE:DLR traded down $2.42 during mid-day trading on Monday, hitting $161.44. 2,241,439 shares of the company’s stock traded hands, compared to its average volume of 2,406,613. 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 $53.55 billion, a PE ratio of 135.66, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63. The firm’s 50 day simple moving average is $181.03 and its 200 day simple moving average is $168.06. Digital Realty Trust has a 1 year low of $131.42 and a 1 year high of $198.00.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Jefferies Financial Group upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen upped their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.95.
View Our Latest Analysis on Digital Realty Trust
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.
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