Digital Realty Trust, Inc. (NYSE:DLR) Stake Lowered by Mendel Money Management

Mendel Money Management cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,977 shares of the real estate investment trust’s stock after selling 1,352 shares during the quarter. Digital Realty Trust comprises about 1.3% of Mendel Money Management’s investment portfolio, making the stock its 26th biggest holding. Mendel Money Management’s holdings in Digital Realty Trust were worth $3,010,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DLR. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the 4th quarter worth about $35,000. Fairway Wealth LLC bought a new position in Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its holdings 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 worth $37,000 after acquiring an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at approximately $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLR has been the subject of several research analyst reports. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Down 2.7 %

Shares of Digital Realty Trust stock opened at $151.23 on Wednesday. The stock has a market capitalization of $50.91 billion, a P/E ratio of 93.35, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock’s 50-day simple moving average is $162.04 and its 200 day simple moving average is $170.12. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results 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%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is presently 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.