Steward Partners Investment Advisory LLC Sells 843 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Steward Partners Investment Advisory LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 59,060 shares of the real estate investment trust’s stock after selling 843 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Digital Realty Trust were worth $10,473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its holdings in shares of Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock worth $2,400,000 after buying an additional 527 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after acquiring an additional 9,959 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Digital Realty Trust by 26.4% during the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after purchasing an additional 11,405 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Digital Realty Trust by 6.4% in the 3rd 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 buying an additional 23,028 shares in the last quarter. Finally, Cumberland Partners Ltd boosted its stake in Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after acquiring an additional 31,430 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.00.

Digital Realty Trust Stock Up 0.3 %

Digital Realty Trust stock opened at $155.80 on Wednesday. The company has a market capitalization of $52.45 billion, a P/E ratio of 96.17, a PEG ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The stock has a 50-day simple moving average of $170.30 and a 200-day simple moving average of $170.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Insider Activity

In other 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 transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

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.