InTrack Investment Management Inc Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

InTrack Investment Management Inc lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,714 shares of the real estate investment trust’s stock after selling 870 shares during the quarter. InTrack Investment Management Inc’s holdings in Digital Realty Trust were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its position in shares of Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after acquiring an additional 117,461 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 3.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc lifted its holdings in Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 worth $700,224,000 after purchasing an additional 3,607,802 shares during the period. Finally, abrdn plc increased its position in shares of Digital Realty Trust by 17.3% during the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after buying an additional 288,772 shares during the period. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other 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 through this link. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DLR shares. Royal Bank of Canada increased their price objective 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. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen upped 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. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.32.

Digital Realty Trust Stock Down 0.9 %

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 price-to-earnings-growth ratio of 4.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50 day moving average price is $183.26 and its two-hundred day moving average price is $166.51. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results 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). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. As a group, analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

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.