Contravisory Investment Management Inc. Sells 287 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Contravisory Investment Management Inc. lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,153 shares of the real estate investment trust’s stock after selling 287 shares during the quarter. Digital Realty Trust makes up 2.2% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. Contravisory Investment Management Inc.’s holdings in Digital Realty Trust were worth $10,312,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares during the last quarter. Cumberland Partners Ltd lifted its holdings in shares of Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares during the last quarter. TCW Group Inc. grew its stake in shares of Digital Realty Trust by 161.0% in the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after buying an additional 31,272 shares in the last quarter. Sei Investments Co. raised its position in Digital Realty Trust by 11.2% during the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after acquiring an additional 147,689 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in Digital Realty Trust by 3,056.0% in the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after acquiring an additional 4,095 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DLR. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Scotiabank increased their price target on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.32.

Insider Buying and Selling at Digital Realty Trust

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

Digital Realty Trust Stock Up 0.5 %

Shares of DLR opened at $174.78 on Thursday. The business’s 50 day simple moving average is $183.21 and its 200-day simple moving average is $166.36. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The company has a market capitalization of $57.98 billion, a P/E ratio of 146.87, a PEG ratio of 4.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.