Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Brighton Jones LLC

Brighton Jones LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,512 shares of the real estate investment trust’s stock after selling 496 shares during the period. Brighton Jones LLC’s holdings in Digital Realty Trust were worth $12,504,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC increased its holdings in shares of Digital Realty Trust by 0.8% in the fourth quarter. Inspire Investing LLC now owns 31,607 shares of the real estate investment trust’s stock valued at $5,605,000 after purchasing an additional 244 shares during the last quarter. True North Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth $219,000. Janney Montgomery Scott LLC boosted its position in shares of Digital Realty Trust by 16.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,526 shares of the real estate investment trust’s stock valued at $8,960,000 after acquiring an additional 7,086 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $284,000. Finally, Sheets Smith Wealth Management acquired a new stake in Digital Realty Trust during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction 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 owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of DLR opened at $183.45 on Friday. The stock has a 50-day simple moving average of $183.25 and a 200-day simple moving average of $167.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The stock has a market capitalization of $60.85 billion, a PE ratio of 154.16, a PEG ratio of 4.61 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.66%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DLR. Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada increased their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $178.89.

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.