Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Mutual Advisors LLC

Posted by Defense World Staff on Mar 25th, 2023

Mutual Advisors LLC lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,895 shares of the real estate investment trust’s stock after selling 402 shares during the quarter. Mutual Advisors LLC’s holdings in Digital Realty Trust were worth $691,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Neo Ivy Capital Management boosted its holdings in shares of Digital Realty Trust by 116.4% in the 3rd quarter. Neo Ivy Capital Management now owns 264 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at $27,000. CI Investments Inc. boosted its holdings in shares of Digital Realty Trust by 980.0% in the 3rd quarter. CI Investments Inc. now owns 378 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 343 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Digital Realty Trust by 60.9% in the 3rd quarter. HHM Wealth Advisors LLC now owns 436 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Digital Realty Trust by 29.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 475 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Exane BNP Paribas assumed coverage on shares of Digital Realty Trust in a report on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 price target on the stock. Raymond James cut their target price on shares of Digital Realty Trust from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 8th. BNP Paribas began coverage on shares of Digital Realty Trust in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Digital Realty Trust from $110.00 to $115.00 in a research note on Friday, December 16th. Finally, Barclays cut their target price on shares of Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating on the stock in a research note on Monday, December 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $123.54.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, EVP Jeannie Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the transaction, the executive vice president now owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Digital Realty Trust news, EVP Jeannie Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the transaction, the executive vice president now owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dyer Corey sold 4,401 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $104.19, for a total value of $458,540.19. Following the transaction, the executive vice president now directly owns 30,026 shares in the company, valued at approximately $3,128,408.94. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $94.37 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $85.76 and a fifty-two week high of $153.50. The business has a 50 day moving average price of $107.10 and a two-hundred day moving average price of $105.11. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.96. The firm has a market cap of $27.49 billion, a PE ratio of 82.78, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52.

Digital Realty Trust (NYSE:DLR – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($1.70). Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $1.67 EPS. Digital Realty Trust’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Digital Realty Trust, Inc. will post 6.66 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 5.17%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 428.07%.

Digital Realty Trust Profile

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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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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