Allspring Global Investments Holdings LLC Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Allspring Global Investments Holdings LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,609 shares of the real estate investment trust’s stock after selling 1,402 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Digital Realty Trust were worth $2,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DLR. Signaturefd LLC boosted its stake in Digital Realty Trust by 6.4% in the 3rd quarter. Signaturefd LLC now owns 4,152 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 249 shares during the period. Private Advisor Group LLC boosted its stake in Digital Realty Trust by 8.6% in the 3rd quarter. Private Advisor Group LLC now owns 13,006 shares of the real estate investment trust’s stock worth $2,105,000 after purchasing an additional 1,027 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Digital Realty Trust by 20.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,516 shares of the real estate investment trust’s stock worth $1,702,000 after purchasing an additional 1,815 shares during the period. Dakota Wealth Management boosted its stake in Digital Realty Trust by 19.2% in the 3rd quarter. Dakota Wealth Management now owns 18,073 shares of the real estate investment trust’s stock worth $2,925,000 after purchasing an additional 2,916 shares during the period. Finally, Blackston Financial Advisory Group LLC boosted its stake in Digital Realty Trust by 5.0% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 1,593 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 76 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $165.26 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The stock has a 50 day moving average price of $173.51 and a two-hundred day moving average price of $169.43. The company has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts expect that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on DLR. Royal Bank of Canada raised their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. JMP Securities reissued a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Truist Financial boosted their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Insider Buying and Selling at Digital Realty Trust

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