Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 23.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,664 shares of the real estate investment trust’s stock after selling 510 shares during the quarter. NewEdge Wealth LLC’s holdings in Digital Realty Trust were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new position in Digital Realty Trust in the 4th quarter valued at about $442,477,000. Resolution Capital Ltd grew its position in Digital Realty Trust by 106.7% in the 3rd quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock valued at $284,532,000 after buying an additional 1,213,526 shares in the last quarter. Vanguard Group Inc. grew its position in Digital Realty Trust by 2.1% in 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 buying an additional 971,032 shares in the last quarter. Heitman Real Estate Securities LLC grew its position in Digital Realty Trust by 503.3% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 1,002,134 shares of the real estate investment trust’s stock valued at $114,113,000 after buying an additional 836,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Digital Realty Trust by 40.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,748,087 shares of the real estate investment trust’s stock valued at $312,925,000 after buying an additional 793,445 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Morgan Stanley raised their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Raymond James raised their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Finally, Barclays raised their price objective on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Price Performance

NYSE DLR opened at $136.66 on Friday. The company has a 50 day simple moving average of $142.29 and a 200-day simple moving average of $135.77. 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 firm has a market capitalization of $42.68 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.38 and a beta of 0.54. 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the 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 of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is owned by insiders.

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.