Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 56.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,588 shares of the real estate investment trust’s stock after selling 2,096 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Adirondack Trust Co. increased its holdings in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc raised its position in shares of 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 worth $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust during the third quarter worth approximately $38,000. Finally, First Financial Corp IN acquired a new position in Digital Realty Trust in the fourth quarter valued at approximately $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Digital Realty Trust 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.6 %

Shares of DLR stock opened at $183.45 on Friday. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business’s fifty day moving average price is $183.25 and its 200 day moving average price is $167.42. The firm has a market capitalization of $60.85 billion, a PE ratio of 154.16, a P/E/G ratio of 4.61 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.66%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Ratings Changes

Several analysts have recently weighed in on DLR shares. TD Cowen boosted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Scotiabank boosted their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research report on Thursday. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Barclays increased their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.89.

About Digital Realty Trust

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.