New York Life Investment Management LLC Cuts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

New York Life Investment Management LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 46.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,518 shares of the real estate investment trust’s stock after selling 40,819 shares during the quarter. New York Life Investment Management LLC’s holdings in Digital Realty Trust were worth $8,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Centricity Wealth Management LLC bought a new position in Digital Realty Trust during the fourth quarter valued at $37,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $42,000. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Barclays lifted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Trading Down 1.3 %

Shares of NYSE DLR opened at $157.28 on Friday. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The firm has a market cap of $52.17 billion, a PE ratio of 97.08, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. The business has a fifty day simple moving average of $171.70 and a two-hundred day simple moving average of $169.69. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s payout ratio is 301.23%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.