Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,155,908 shares of the real estate investment trust’s stock after selling 23,935 shares during the quarter. Bank of New York Mellon Corp owned about 0.65% of Digital Realty Trust worth $382,307,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new stake in Digital Realty Trust in the fourth quarter worth about $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 173 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust during the fourth quarter valued at approximately $37,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE DLR opened at $159.16 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $52.80 billion, a PE ratio of 98.25, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a 50 day moving average price of $172.10 and a two-hundred day moving average price of $169.78.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.07%. Digital Realty Trust’s dividend payout ratio is 301.23%.

Analyst Ratings Changes

Several research analysts have issued reports on DLR shares. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Stifel Nicolaus boosted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Finally, Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $179.95.

Insider Activity

In other Digital Realty Trust 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

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.