Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 20.4% during the 4th quarter, HoldingsChannel reports. The firm owned 46,919 shares of the real estate investment trust’s stock after selling 12,000 shares during the quarter. Digital Realty Trust comprises 5.2% of Pensionfund DSM Netherlands’ holdings, making the stock its 3rd biggest position. Pensionfund DSM Netherlands’ holdings in Digital Realty Trust were worth $8,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $25,000. Asset Dedication LLC acquired a new stake in shares of Digital Realty Trust in the second quarter worth $31,000. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the period. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% during the 4th 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 last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Digital Realty Trust in the 3rd quarter valued at $38,000. Institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the 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 legal filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. TD Cowen lifted their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada upped their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Truist Financial upped their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

Digital Realty Trust Trading Up 1.0 %

Shares of DLR stock traded up $1.84 on Monday, reaching $183.58. 177,068 shares of the stock were exchanged, compared to its average volume of 977,264. 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 one year low of $130.28 and a one year high of $198.00. The stock has a market cap of $60.90 billion, a PE ratio of 154.27, a P/E/G ratio of 4.97 and a beta of 0.64. The stock has a 50 day moving average price of $183.63 and a 200 day moving average price of $164.93.

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

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.66%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

About Digital Realty Trust

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.