Digital Realty Trust, Inc. $DLR Stake Lessened by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 31.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,090 shares of the real estate investment trust’s stock after selling 5,530 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Digital Realty Trust were worth $2,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Texas Bank & Trust Co raised its holdings in Digital Realty Trust by 2.6% in the third quarter. Texas Bank & Trust Co now owns 4,990 shares of the real estate investment trust’s stock valued at $876,000 after buying an additional 126 shares during the period. AlphaCore Capital LLC increased its position in shares of Digital Realty Trust by 2.3% in the third quarter. AlphaCore Capital LLC now owns 3,140 shares of the real estate investment trust’s stock worth $551,000 after acquiring an additional 71 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Digital Realty Trust by 6.7% in the 3rd quarter. Retirement Systems of Alabama now owns 266,219 shares of the real estate investment trust’s stock valued at $46,729,000 after acquiring an additional 16,730 shares during the period. Syntax Research Inc. raised its stake in shares of Digital Realty Trust by 7.3% in the 3rd quarter. Syntax Research Inc. now owns 3,666 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 250 shares during the period. Finally, Fulcrum Asset Management LLP lifted its holdings in shares of Digital Realty Trust by 8,318.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 64,654 shares of the real estate investment trust’s stock valued at $11,415,000 after acquiring an additional 63,886 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

DLR stock opened at $180.03 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a market cap of $68.11 billion, a P/E ratio of 75.33, a P/E/G ratio of 3.61 and a beta of 0.97. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The stock’s 50 day simple moving average is $180.00 and its 200 day simple moving average is $183.44.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 earnings per share. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 8.42 EPS for the current year.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director directly owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $229.00 price target on shares of Digital Realty Trust in a research report on Monday, July 27th. Mizuho set a $223.00 price objective on Digital Realty Trust in a research report on Monday, August 10th. Rothschild & Co Redburn initiated coverage on shares of Digital Realty Trust in a research report on Monday, September 21st. They set a “buy” rating and a $227.00 target price on the stock. Cantor Fitzgerald boosted their price target on Digital Realty Trust from $221.00 to $223.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Finally, Truist Financial decreased their price objective on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $221.53.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.