Short Interest Coverage: What Next for Digital Realty Trust Incorporated (NYSE:DLR) Stock After Decrease in Shorted Shares?

November 24, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Coverage: What Next for Digital Realty Trust Incorporated (NYSE:DLR) Stock After Decrease in Shorted Shares?

The stock of Digital Realty Trust Incorporated (NYSE:DLR) registered a decrease of 0.04% in short interest. DLR’s total short interest was 14.01M shares in November as published by FINRA. Its down 0.04% from 14.02M shares, reported previously. With 1.15 million shares average volume, it will take short sellers 12 days to cover their DLR’s short positions. The short interest to Digital Realty Trust Incorporated’s float is 9.55%. The stock decreased 2.49% or $2.29 on November 23, hitting $89.7. About 1.22M shares traded hands. Digital Realty Trust, Inc. (NYSE:DLR) has risen 4.10% since April 22, 2016 and is uptrending. It has underperformed by 1.31% the S&P500.

Digital Realty Trust, Inc. is a real estate investment trust . The company has a market cap of $14.69 billion. The Firm owns, acquires, develops and manages technology-related real estate. It has a 62.57 P/E ratio. The Firm is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.34, from 1.49 in 2016Q1. The ratio is negative, as 37 funds sold all Digital Realty Trust, Inc. shares owned while 134 reduced positions. 91 funds bought stakes while 164 increased positions. They now own 164.77 million shares or 9.23% more from 150.84 million shares in 2016Q1.
Janney Montgomery Scott Limited last reported 11,966 shares in the company. Adage Prns Gru Lc has 118,700 shares for 0.04% of their US portfolio. First Midwest Bancorporation Division reported 12,235 shares or 0.16% of all its holdings. Exane Derivatives accumulated 0% or 4,717 shares. The New York-based Teachers Insur & Annuity Association Of America has invested 0.82% in Digital Realty Trust, Inc. (NYSE:DLR). Muzinich And Communication accumulated 886 shares or 0.04% of the stock. Mitsubishi Ufj Trust & Corp, a Japan-based fund reported 323,579 shares. Moreover, Davidson And Garrard has 1.09% invested in Digital Realty Trust, Inc. (NYSE:DLR) for 40,609 shares. Natl Planning accumulated 0.02% or 2,641 shares. Naples Global Advsrs Lc reported 8,572 shares or 0.38% of all its holdings. Madison Invest Holding owns 166,680 shares or 0.38% of their US portfolio. M&T Natl Bank reported 299,835 shares or 0.22% of all its holdings. Thrivent Fincl For Lutherans, a Minnesota-based fund reported 590,158 shares. Dai Ichi Life Insur Limited has 20,260 shares for 0.07% of their US portfolio. The Texas-based 1St Global has invested 0.2% in Digital Realty Trust, Inc. (NYSE:DLR).

Insider Transactions: Since September 14, 2016, the stock had 0 insider purchases, and 2 sales for $1.78 million net activity. 4,519 Digital Realty Trust, Inc. (NYSE:DLR) shares with value of $416,742 were sold by Mills Joshua A.. $1.36 million worth of Digital Realty Trust, Inc. (NYSE:DLR) was sold by SHAM EDWARD F.

Digital Realty Trust, Inc. (NYSE:DLR) Ratings Coverage

Out of 16 analysts covering Digital Realty Trust (NYSE:DLR), 8 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 50% are positive. Digital Realty Trust has been the topic of 33 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Digital Realty Trust, Inc. (NYSE:DLR) rating on Monday, November 9. Barclays Capital has “Overweight” rating and $77 price target. RBC Capital Markets maintained the shares of DLR in a report on Friday, May 13 with “Outperform” rating. The firm has “Neutral” rating by JP Morgan given on Tuesday, December 22. Deutsche Bank maintained Digital Realty Trust, Inc. (NYSE:DLR) on Friday, July 31 with “Buy” rating. The stock of Digital Realty Trust, Inc. (NYSE:DLR) has “Overweight” rating given on Tuesday, September 29 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained Digital Realty Trust, Inc. (NYSE:DLR) rating on Monday, December 14. KeyBanc Capital Markets has “Overweight” rating and $80 price target. On Wednesday, September 28 the stock rating was maintained by Bank of America with “Buy”. The company was upgraded on Tuesday, November 8 by Morgan Stanley. The firm earned “Outperform” rating on Wednesday, June 1 by Wells Fargo. Deutsche Bank maintained the stock with “Buy” rating in Monday, July 18 report.

DLR Company Profile

Digital Realty Trust, Inc., incorporated on March 9, 2004, is a real estate investment trust (REIT). The Firm owns, acquires, develops and manages technology-related real estate. The Firm is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals, ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products. The Company’s portfolio consists of approximately 140 operating properties, including over eight Telx properties (of which approximately two properties are owned and over six properties are leased from third parties) and over 10 properties held as investments in unconsolidated joint ventures. The Company’s approximately 110 properties are located throughout North America, over 20 are located in Europe, approximately three are located in Australia and over three are located in Asia. The Firm owns over 98.1% common general partnership interest in Digital Realty Trust, L.P.

More notable recent Digital Realty Trust, Inc. (NYSE:DLR) news were published by: Forbes.com which released: “Digital Realty Trust (DLR) Shares Cross 4% Yield Mark” on November 10, 2016, also Forbes.com with their article: “Why Digital Realty Trust is a Top Socially Responsible Dividend Stock (DLR)” published on November 14, 2016, Fool.com published: “How Risky Is Digital Realty Trust Stock?” on May 02, 2016. More interesting news about Digital Realty Trust, Inc. (NYSE:DLR) were released by: Forbes.com and their article: “Oversold Conditions For Digital Realty Trust (DLR)” published on September 13, 2016 as well as Prnewswire.com‘s news article titled: “Digital Realty Names Daniel Papes Senior Vice President Of Global Sales And …” with publication date: October 27, 2016.

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By Peter Erickson


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