Massachusetts Financial Services Co. MA Sells 60,406 Shares of Digital Realty Trust, Inc. $DLR

Massachusetts Financial Services Co. MA decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,383,957 shares of the real estate investment trust’s stock after selling 60,406 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Digital Realty Trust were worth $241,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust in the first quarter valued at about $26,000. Tobam acquired a new stake in Digital Realty Trust in the 2nd quarter worth about $28,000. WPG Advisers LLC bought a new stake in Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $31,000. Finally, AdvisorShares Investments LLC bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $158.30 on Monday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $171.44 and its 200 day simple moving average is $171.20. The firm has a market capitalization of $54.38 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The firm had revenue of $1.58 billion during the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DLR shares. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a research note on Monday, October 20th. Loop Capital set a $205.00 price objective on Digital Realty Trust in a report on Monday, October 27th. Wall Street Zen lowered Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digital Realty Trust in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.14.

Digital Realty Trust Company Profile

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.