Digital Realty Trust Stock Plummets – What's Next for Investors?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.