Amalgamated Bank Sells 691 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Amalgamated Bank trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,583 shares of the real estate investment trust’s stock after selling 691 shares during the quarter. Amalgamated Bank’s holdings in Digital Realty Trust were worth $10,743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co lifted its position in shares of Digital Realty Trust by 0.7% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 14,154 shares of the real estate investment trust’s stock worth $2,510,000 after purchasing an additional 99 shares during the last quarter. BankPlus Trust Department bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $1,806,000. Crestwood Advisors Group LLC increased its stake in Digital Realty Trust by 2.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 12,220 shares of the real estate investment trust’s stock worth $2,167,000 after buying an additional 261 shares during the period. IFP Advisors Inc lifted its holdings in Digital Realty Trust by 19.2% during the 4th quarter. IFP Advisors Inc now owns 589 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 95 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its position in Digital Realty Trust by 25.7% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 8,194 shares of the real estate investment trust’s stock valued at $1,453,000 after buying an additional 1,674 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $158.01 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market cap of $52.41 billion, a PE ratio of 97.54, a P/E/G ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The stock has a fifty day moving average price of $172.45 and a 200-day moving average price of $169.86.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. Barclays raised their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. JMP Securities reissued a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two research 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 stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $179.95.

Insider Buying and Selling

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

Digital Realty Trust Profile

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.