Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Cut by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,852 shares of the real estate investment trust’s stock after selling 155 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Digital Realty Trust were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DLR. Adirondack Trust Co. boosted its stake in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the fourth quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% during the fourth 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 during the period. Future Financial Wealth Managment LLC bought a new stake in Digital Realty Trust in the third quarter worth about $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust in the fourth quarter worth about $42,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Scotiabank raised their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.32.

Digital Realty Trust Stock Performance

DLR stock opened at $178.54 on Friday. The company has a market capitalization of $59.22 billion, a price-to-earnings ratio of 150.03, a P/E/G ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The firm has a 50 day moving average of $183.19 and a two-hundred day moving average of $166.69. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

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

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.73%. Digital Realty Trust’s payout ratio is presently 410.08%.

Insider Buying and Selling

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

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.