Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) saw a significant growth in short interest in the month of 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 short-interest ratio is presently 4.0 days.
A number of brokerages have recently commented on DLR. Royal Bank of Canada boosted 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. Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Jefferies Financial Group raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.95.
Check Out Our Latest Stock Analysis on Digital Realty Trust
NYSE:DLR traded down $2.00 during mid-day trading on Monday, hitting $161.86. 223,811 shares of the company's stock traded hands, compared to its average volume of 2,307,060. 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 $53.69 billion, a PE ratio of 135.20, 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.
In related news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its stake in shares of Digital Realty Trust by 12.5% during the 4th quarter. Handelsbanken Fonder AB now owns 164,917 shares of the real estate investment trust's stock worth $29,245,000 after purchasing an additional 18,277 shares during the period. Ieq Capital LLC increased its stake in Digital Realty Trust by 3.3% in the fourth quarter. Ieq Capital LLC now owns 17,885 shares of the real estate investment trust's stock valued at $3,171,000 after purchasing an additional 575 shares during the last quarter. Private Advisor Group LLC lifted its position in Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock worth $2,400,000 after buying an additional 527 shares during the period. Good Life Advisors LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth about $310,000. Finally, Lyell Wealth Management LP grew its holdings in Digital Realty Trust by 0.8% in the 4th quarter. Lyell Wealth Management LP now owns 55,452 shares of the real estate investment trust's stock valued at $9,833,000 after buying an additional 457 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.
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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