Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by SFE Investment Counsel

SFE Investment Counsel reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,925 shares of the real estate investment trust’s stock after selling 2,255 shares during the period. SFE Investment Counsel’s holdings in Digital Realty Trust were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DLR. RB Capital Management LLC grew its holdings in Digital Realty Trust by 6.8% during the first quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 192 shares during the period. Prudential PLC acquired a new position in Digital Realty Trust during the first quarter worth about $688,000. Cetera Investment Advisers increased its stake in Digital Realty Trust by 31.2% in the 1st quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock worth $2,909,000 after purchasing an additional 4,879 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Digital Realty Trust in the 1st quarter worth about $424,000. Finally, Candriam Luxembourg S.C.A. increased its stake in Digital Realty Trust by 2.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 390 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

DLR traded up $1.26 on Thursday, hitting $137.01. The company had a trading volume of 867,646 shares, compared to its average volume of 1,975,152. The company’s fifty day moving average price is $142.50 and its 200 day moving average price is $135.76. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $42.79 billion, a price-to-earnings ratio of 46.13, a price-to-earnings-growth ratio of 3.38 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.56%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 164.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Raymond James lifted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Morgan Stanley lifted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Barclays lifted their price target on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Evercore ISI restated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.33.

Insiders Place Their Bets

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