abrdn plc Sells 24,036 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

abrdn plc decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,931,705 shares of the real estate investment trust’s stock after selling 24,036 shares during the period. Digital Realty Trust comprises approximately 0.6% of abrdn plc’s holdings, making the stock its 25th largest position. abrdn plc owned about 0.58% of Digital Realty Trust worth $341,815,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Adirondack Trust Co. grew its position in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its stake in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust during the 3rd quarter valued at $38,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $42,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $161.44 on Tuesday. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 135.66, a PEG ratio of 4.16 and a beta of 0.64. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The firm’s 50-day moving average is $181.03 and its 200 day moving average is $168.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DLR. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’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 filing with the SEC, which is available through this link. Insiders own 0.17% 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.