Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,342 shares of the real estate investment trust’s stock after selling 286 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Digital Realty Trust were worth $2,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc grew its stake 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 worth $37,000 after buying an additional 173 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $37,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, Scotiabank upgraded shares of 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. Two equities research analysts have rated the stock with a sell rating, five have assigned 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Digital Realty Trust Stock Performance

Shares of DLR opened at $149.13 on Friday. The firm has a 50-day moving average price of $168.64 and a 200 day moving average price of $170.01. The firm has a market capitalization of $50.20 billion, a PE ratio of 92.06, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.27%. Digital Realty Trust’s dividend payout ratio (DPR) 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.