After this afternoon's -1.1% drop to $147.97 per share, Digital Realty Trust might just keep moving past its target price of $148.69. With an average analyst rating of buy, and target prices from $111.0 to $175.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 4.3%, and a short ratio of 4.18. The company's insiders own 0.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 98.3% of Digital Realty Trust's shares being owned by this investor type.
Institutions Invested in Digital Realty Trust
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 16% | 48,503,593 | $7,177,319,470 |
| 2024-03-31 | Blackrock Inc. | 11% | 33,106,967 | $4,899,003,643 |
| 2024-03-31 | Cohen & Steers Inc. | 7% | 22,053,263 | $3,263,331,727 |
| 2024-03-31 | State Street Corporation | 6% | 19,501,178 | $2,885,686,933 |
| 2023-12-31 | Norges Bank Investment Management | 5% | 15,915,369 | $2,355,076,824 |
| 2024-03-31 | Bank of America Corporation | 3% | 10,282,701 | $1,521,582,743 |
| 2024-03-31 | Apg Asset Management US Inc. | 3% | 9,180,030 | $1,358,414,995 |
| 2024-03-31 | JP Morgan Chase & Company | 3% | 7,938,741 | $1,174,735,247 |
| 2024-03-31 | Geode Capital Management, LLC | 3% | 7,845,989 | $1,161,010,270 |
| 2024-03-31 | FMR, LLC | 2% | 6,300,119 | $932,260,147 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Digital Realty Trust.
