Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,854 shares of the real estate investment trust’s stock after selling 482 shares during the period. Exchange Traded Concepts LLC’s holdings in Digital Realty Trust were worth $861,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Adirondack Trust Co. lifted its holdings in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% in 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 during the period. Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust in the third quarter valued at $38,000. Finally, First Financial Corp IN acquired a new position in Digital Realty Trust during the 4th quarter worth $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Performance

NYSE DLR opened at $162.19 on Wednesday. The business’s 50-day moving average price is $182.99 and its 200 day moving average price is $167.95. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $53.80 billion, a P/E ratio of 136.29, a P/E/G ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.95.

Check Out Our Latest Research Report on DLR

About Digital Realty Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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