Coastline Trust Co Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Coastline Trust Co lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 54.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 500 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. Coastline Trust Co’s holdings in Digital Realty Trust were worth $89,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Stolper Co raised its stake in shares of Digital Realty Trust by 0.5% in 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. Bleakley Financial Group LLC raised its stake in Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 64 shares in the last quarter. Catalina Capital Group LLC lifted its holdings in Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 72 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Digital Realty Trust by 25.9% in the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 73 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its position in shares of Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 74 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial lowered their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company decreased their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citigroup cut their price target on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.79.

Digital Realty Trust Trading Up 1.8 %

Digital Realty Trust stock opened at $150.83 on Friday. The firm has a market cap of $50.79 billion, a price-to-earnings ratio of 93.10, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The firm’s 50 day moving average price is $151.31 and its two-hundred day moving average price is $167.85. 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 announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Digital Realty Trust 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.