Schechter Investment Advisors LLC Sells 220 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Schechter Investment Advisors LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,794 shares of the real estate investment trust’s stock after selling 220 shares during the period. Schechter Investment Advisors LLC’s holdings in Digital Realty Trust were worth $496,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DLR. Farther Finance Advisors LLC raised its stake in shares of Digital Realty Trust by 32.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 574 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Digital Realty Trust by 40.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 43,440 shares of the real estate investment trust’s stock worth $7,030,000 after buying an additional 12,544 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Digital Realty Trust by 16.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 27,525 shares of the real estate investment trust’s stock worth $4,454,000 after buying an additional 3,923 shares during the period. National Pension Service increased its position in Digital Realty Trust by 14.6% in the 3rd quarter. National Pension Service now owns 417,591 shares of the real estate investment trust’s stock worth $67,579,000 after buying an additional 53,355 shares during the period. Finally, QRG Capital Management Inc. increased its position in Digital Realty Trust by 14.2% in the 3rd quarter. QRG Capital Management Inc. now owns 33,439 shares of the real estate investment trust’s stock worth $5,411,000 after buying an additional 4,147 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Up 1.2 %

NYSE:DLR opened at $157.48 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $53.01 billion, a price-to-earnings ratio of 97.21, a PEG ratio of 4.38 and a beta of 0.65. The stock has a 50-day moving average price of $169.84 and a two-hundred day moving average price of $170.01.

Digital Realty Trust (NYSE:DLR) last posted its 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%. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid 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 yield of 3.10%. Digital Realty Trust’s payout ratio is 301.23%.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research note on Tuesday, February 18th. Finally, JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $181.00.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by insiders.

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.