Schrum Private Wealth Management LLC Sells 1,495 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Schrum Private Wealth Management LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 50.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,495 shares of the real estate investment trust’s stock after selling 1,495 shares during the period. Schrum Private Wealth Management LLC’s holdings in Digital Realty Trust were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after buying an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock worth $700,486,000 after purchasing an additional 79,322 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Digital Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock valued at $644,196,000 after purchasing an additional 122,090 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Digital Realty Trust by 2.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after buying an additional 40,491 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 1.2 %

NYSE:DLR opened at $157.48 on Thursday. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The firm has a 50-day simple moving average of $169.84 and a 200-day simple moving average of $170.01. The firm has a market cap of $53.01 billion, a P/E ratio of 97.21, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Insiders Place Their Bets

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.00.

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.