Johnson Investment Counsel Inc. Sells 1,171 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Johnson Investment Counsel Inc. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,369 shares of the real estate investment trust’s stock after selling 1,171 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Digital Realty Trust were worth $775,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the fourth quarter worth $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 lifted its position in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $37,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust in the fourth quarter worth $42,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

DLR opened at $151.67 on Thursday. The business’s 50-day moving average is $166.91 and its two-hundred day moving average is $169.95. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a market capitalization of $51.06 billion, a PE ratio of 93.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) 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%. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Analysts Set New Price Targets

A number of analysts have weighed in on DLR shares. Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Truist Financial reduced their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.11.

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.