Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by First Pacific Financial

First Pacific Financial lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 262 shares of the real estate investment trust’s stock after selling 61 shares during the quarter. First Pacific Financial’s holdings in Digital Realty Trust were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Occidental Asset Management LLC raised its position in shares of Digital Realty Trust by 6.7% during the 4th quarter. Occidental Asset Management LLC now owns 11,978 shares of the real estate investment trust’s stock worth $2,124,000 after buying an additional 750 shares in the last quarter. Legacy Wealth Asset Management LLC bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $205,000. Hennion & Walsh Asset Management Inc. lifted its position in Digital Realty Trust by 12.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,831 shares of the real estate investment trust’s stock worth $2,098,000 after purchasing an additional 1,315 shares during the period. Stolper Co boosted its stake in Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 64 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Digital Realty Trust by 42.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,501 shares of the real estate investment trust’s stock valued at $1,862,000 after purchasing an additional 3,132 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $185.00 to $194.00 in a research note on Wednesday. Finally, Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $177.32.

Digital Realty Trust Stock Performance

Shares of DLR opened at $179.96 on Friday. The company’s 50 day moving average price is $183.23 and its 200 day moving average price is $166.42. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a market capitalization of $59.70 billion, a PE ratio of 151.23, a PEG ratio of 4.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

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

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Digital Realty Trust Profile

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.