Kingswood Wealth Advisors LLC Trims Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Kingswood Wealth Advisors LLC lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,930 shares of the real estate investment trust’s stock after selling 1,887 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $1,229,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DLR. Jamison Private Wealth Management Inc. grew its position in shares of Digital Realty Trust by 2.7% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 29,373 shares of the real estate investment trust’s stock worth $5,209,000 after acquiring an additional 765 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $230,000. Nikulski Financial Inc. grew its position in Digital Realty Trust by 3.8% during the 4th quarter. Nikulski Financial Inc. now owns 13,496 shares of the real estate investment trust’s stock worth $2,393,000 after purchasing an additional 494 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in Digital Realty Trust by 17.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after purchasing an additional 9,959 shares during the last quarter. Finally, CFS Investment Advisory Services LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays lifted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Stock Down 8.9 %

DLR opened at $164.46 on Tuesday. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The company has a market cap of $54.55 billion, a price-to-earnings ratio of 138.20, a PEG ratio of 4.64 and a beta of 0.64. The business’s fifty day moving average is $183.37 and its two-hundred day moving average is $167.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.97%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the firm’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 transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Company 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.