KBC Group NV Sells 199,086 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

KBC Group NV trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 71.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 80,835 shares of the real estate investment trust’s stock after selling 199,086 shares during the quarter. KBC Group NV’s holdings in Digital Realty Trust were worth $14,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DLR. Adirondack Trust Co. boosted its position in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in shares of 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 valued at $37,000 after purchasing an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust during the third quarter valued at approximately $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust in the fourth quarter worth approximately $42,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DLR shares. Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Raymond James raised their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Barclays upped their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $180.95.

Digital Realty Trust Trading Down 0.0 %

Digital Realty Trust stock opened at $162.12 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The firm’s 50 day moving average price is $182.49 and its 200-day moving average price is $167.98. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $53.78 billion, a P/E ratio of 136.23, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

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. 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 currently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

About Digital Realty Trust

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.