Patton Fund Management Inc. Sells 3,387 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Patton Fund Management Inc. cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.1% during the 4th quarter, Holdings Channel reports. The firm owned 22,424 shares of the real estate investment trust’s stock after selling 3,387 shares during the quarter. Patton Fund Management Inc.’s holdings in Digital Realty Trust were worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Foster Victor Wealth Advisors LLC increased its position in Digital Realty Trust by 1.4% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 38,810 shares of the real estate investment trust’s stock worth $6,925,000 after buying an additional 547 shares during the last quarter. BSW Wealth Partners boosted its stake in shares of Digital Realty Trust by 8.7% during the 4th quarter. BSW Wealth Partners now owns 1,393 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 112 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $214,000. BankPlus Wealth Management LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at $475,000. Finally, Nilsine Partners LLC lifted its holdings in Digital Realty Trust by 10.8% during the 4th quarter. Nilsine Partners LLC now owns 1,790 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 174 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on DLR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Barclays increased their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. JMP Securities initiated coverage on Digital Realty Trust in a report on Monday. They set an “outperform” rating and a $220.00 price objective for the company. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Finally, Raymond James boosted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $180.95.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 1.5 %

Shares of DLR opened at $162.19 on Wednesday. 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 52-week low of $131.42 and a 52-week high of $198.00. The firm has a market cap of $53.80 billion, a price-to-earnings ratio of 136.29, a PEG ratio of 4.64 and a beta of 0.64. The business’s fifty day moving average is $182.49 and its 200-day moving average is $167.98.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

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.