NewEdge Wealth LLC Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

NewEdge Wealth LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,664 shares of the real estate investment trust’s stock after selling 510 shares during the period. NewEdge Wealth LLC’s holdings in Digital Realty Trust were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the period. State Street Corp raised its stake in Digital Realty Trust by 0.5% during the 1st quarter. State Street Corp now owns 20,131,762 shares of the real estate investment trust’s stock valued at $1,979,148,000 after buying an additional 96,038 shares during the last quarter. FMR LLC increased its stake in shares of Digital Realty Trust by 4.8% in the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after purchasing an additional 394,682 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Digital Realty Trust by 0.4% in the 1st quarter. Geode Capital Management LLC now owns 6,032,301 shares of the real estate investment trust’s stock worth $591,734,000 after purchasing an additional 24,736 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Digital Realty Trust by 6.8% in the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock worth $535,658,000 after purchasing an additional 282,825 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $136.66 on Friday. The firm has a market cap of $42.68 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.38 and a beta of 0.54. The company’s 50 day moving average is $142.29 and its 200 day moving average is $135.77. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.57%. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Analyst Ratings Changes

A number of brokerages have issued reports on DLR. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Citigroup increased their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Barclays increased their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Morgan Stanley increased their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Company 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.