Dynamic Advisor Solutions LLC Lowers Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Dynamic Advisor Solutions LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 35,857 shares of the real estate investment trust’s stock after selling 1,021 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Digital Realty Trust were worth $6,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Digital Realty Trust by 501.7% in the 3rd 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 buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC increased its stake in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Digital Realty Trust during the third quarter worth about $132,980,000. Ghisallo Capital Management LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at approximately $76,025,000. Finally, Sycomore Asset Management acquired a new position in Digital Realty Trust during the 3rd quarter worth $80,915,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on 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 SEC, which is available through this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $180.56 on Friday. The stock has a market capitalization of $59.89 billion, a price-to-earnings ratio of 151.73, a PEG ratio of 4.64 and a beta of 0.64. The firm’s fifty day simple moving average is $183.37 and its 200-day simple moving average is $167.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared 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 yield of 2.70%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DLR. TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report 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. Raymond James boosted their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted 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. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the company from $124.00 to $160.00 in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average 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.