Digital Realty Trust, Inc. (NYSE:DLR) Sees Significant Increase in Short Interest

Digital Realty Trust, Inc. (NYSE:DLR) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,920,000 shares, an increase of 13.3% from the December 31st total of 6,990,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 4.0 days.

Digital Realty Trust Price Performance

Shares of DLR traded down $3.03 during trading hours on Monday, hitting $160.83. The stock had a trading volume of 832,042 shares, compared to its average volume of 2,338,672. The company’s fifty day moving average is $181.03 and its two-hundred day moving average is $168.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust has a 52 week low of $131.42 and a 52 week high of $198.00. The stock has a market capitalization of $53.35 billion, a price-to-earnings ratio of 135.05, a P/E/G ratio of 4.16 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DLR. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.95.

Insiders Place Their Bets

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several large investors have recently made changes to their positions in the company. Clear Creek Financial Management LLC grew its holdings in Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after acquiring an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in 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 acquiring an additional 59 shares during the last quarter. Trueblood Wealth Management LLC grew its holdings in Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares during the last quarter. Stolper Co grew its holdings in Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 64 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

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.