Lockheed Martin Investment Management Co. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 31.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,090 shares of the real estate investment trust’s stock after selling 5,530 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Digital Realty Trust were worth $2,122,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC increased its position in Digital Realty Trust by 3,600.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 148 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 144 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $31,000. First Community Trust NA acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at approximately $31,000. Finally, Ashurst Perkins Coie Trust Co purchased a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.
Insider Activity at Digital Realty Trust
In other news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on DLR. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday, July 15th. HSBC lowered their price target on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $237.00 price target on shares of Digital Realty Trust in a report on Friday, October 30th. Argus upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Wednesday, August 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.53.
Get Our Latest Research Report on DLR
Digital Realty Trust Trading Up 3.3%
NYSE:DLR opened at $180.03 on Tuesday. The company has a market capitalization of $68.11 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The stock has a fifty day simple moving average of $180.00 and a 200-day simple moving average of $183.44.
Digital Realty Trust (NYSE:DLR – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $1.89 earnings per share. Digital Realty Trust’s revenue was up 20.6% on a year-over-year basis. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 8.42 earnings per share for the current fiscal year.
Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information.
The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.
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