Dynamic Advisor Solutions LLC Decreases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Dynamic Advisor Solutions LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,857 shares of the real estate investment trust’s stock after selling 1,021 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Digital Realty Trust were worth $6,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Adirondack Trust Co. increased its holdings in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the 4th 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 period. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust during the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DLR shares. Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $178.89.

Digital Realty Trust Stock Down 1.6 %

NYSE DLR opened at $180.56 on Friday. The business has a fifty day moving average price of $183.37 and a 200 day moving average price of $167.71. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $59.89 billion, a P/E ratio of 151.73, a P/E/G ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.62 earnings per share. Digital Realty Trust’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.