Massmutual Trust Co. FSB ADV Cuts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Massmutual Trust Co. FSB ADV decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,245 shares of the real estate investment trust’s stock after selling 5,263 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Digital Realty Trust were worth $3,780,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC raised its stake in shares of Digital Realty Trust by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after buying an additional 72 shares during the period. Schechter Investment Advisors LLC boosted its holdings in shares of Digital Realty Trust by 2.4% in the fourth quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 78 shares during the period. Gables Capital Management Inc. boosted its stake in Digital Realty Trust by 62.5% in the 4th quarter. Gables Capital Management Inc. now owns 260 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 100 shares during the period. First Financial Corp IN grew its holdings in Digital Realty Trust by 46.6% during the 4th quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. Finally, SVB Wealth LLC boosted its position in shares of Digital Realty Trust by 1.0% in the fourth quarter. SVB Wealth LLC now owns 10,760 shares of the real estate investment trust’s stock valued at $1,448,000 after acquiring an additional 106 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DLR. Morgan Stanley increased their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Evercore ISI reissued an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Citigroup lifted their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. UBS Group raised their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Truist Financial lifted their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $144.65.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $147.89 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 52 week low of $102.54 and a 52 week high of $154.18. The firm has a market capitalization of $46.20 billion, a PE ratio of 41.08, a P/E/G ratio of 19.69 and a beta of 0.57. The company has a 50 day moving average price of $143.41 and a 200-day moving average price of $141.12.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, June 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.