Mutual Advisors LLC Decreases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Mutual Advisors LLC decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,801 shares of the real estate investment trust’s stock after selling 121 shares during the quarter. Mutual Advisors LLC’s holdings in Digital Realty Trust were worth $685,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Digital Realty Trust in the second quarter valued at $12,877,000. APG Asset Management N.V. grew its holdings in shares of Digital Realty Trust by 226.1% in the second quarter. APG Asset Management N.V. now owns 36,634 shares of the real estate investment trust’s stock worth $5,197,000 after purchasing an additional 25,400 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Digital Realty Trust by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 498,830 shares of the real estate investment trust’s stock worth $75,847,000 after purchasing an additional 13,616 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Digital Realty Trust by 1.3% in the second quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock worth $4,393,000 after purchasing an additional 367 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Digital Realty Trust by 2.3% in the second quarter. Creative Planning now owns 164,626 shares of the real estate investment trust’s stock worth $25,031,000 after purchasing an additional 3,706 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $180.56 on Monday. The firm has a market capitalization of $59.89 billion, a P/E ratio of 151.73, a PEG ratio of 4.64 and a beta of 0.64. 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 company has a 50 day moving average price of $183.37 and a 200 day moving average price of $167.82. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 earnings per share. Sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Analysts Set New Price Targets

DLR has been the topic of a number of research analyst reports. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Barclays increased their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Scotiabank increased their target price on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.89.

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.