Telos Capital Management Inc. Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

Telos Capital Management Inc. reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,933 shares of the real estate investment trust’s stock after selling 636 shares during the period. Telos Capital Management Inc.’s holdings in Digital Realty Trust were worth $1,407,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at $132,980,000. Sycomore Asset Management acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at $80,915,000. Finally, abrdn plc lifted its stake in shares of Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after purchasing an additional 288,772 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of DLR opened at $168.07 on Friday. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The stock has a market cap of $55.75 billion, a PE ratio of 141.24, a P/E/G ratio of 4.16 and a beta of 0.63. The firm has a 50-day simple moving average of $179.23 and a two-hundred day simple moving average of $168.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DLR shares. JMP Securities started coverage on shares of Digital Realty Trust in a research note on Monday, January 27th. They issued an “outperform” rating and a $220.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned 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 target price of $179.70.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.