Torray Investment Partners LLC Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Torray Investment Partners LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,720 shares of the real estate investment trust’s stock after selling 4,445 shares during the period. Torray Investment Partners LLC’s holdings in Digital Realty Trust were worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc lifted its position in 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 in the last quarter. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $37,000. Finally, First Financial Corp IN purchased a new position in Digital Realty Trust during the fourth quarter valued at $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DLR. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.00.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Down 0.7 %

Shares of NYSE:DLR opened at $155.15 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The business has a 50 day simple moving average of $170.79 and a two-hundred day simple moving average of $170.06. The firm has a market capitalization of $52.23 billion, a PE ratio of 95.77, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.15%. Digital Realty Trust’s payout ratio is 301.23%.

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.