Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Level Four Advisory Services LLC

Posted by Defense World Staff on Sep 26th, 2023

Level Four Advisory Services LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 11.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,592 shares of the real estate investment trust’s stock after selling 601 shares during the quarter. Level Four Advisory Services LLC’s holdings in Digital Realty Trust were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Digital Realty Trust by 0.7% in the first quarter. BlackRock Inc. now owns 27,569,868 shares of the real estate investment trust’s stock worth $2,710,394,000 after acquiring an additional 185,845 shares during the period. State Street Corp increased its stake in shares of Digital Realty Trust by 0.5% in the first quarter. State Street Corp now owns 20,131,762 shares of the real estate investment trust’s stock worth $1,979,148,000 after acquiring an additional 96,038 shares during the period. APG Asset Management US Inc. increased its stake in shares of Digital Realty Trust by 0.3% in the first quarter. APG Asset Management US Inc. now owns 10,020,960 shares of the real estate investment trust’s stock worth $985,161,000 after acquiring an additional 26,148 shares during the period. Principal Financial Group Inc. increased its stake in shares of Digital Realty Trust by 2.5% in the first quarter. Principal Financial Group Inc. now owns 7,170,504 shares of the real estate investment trust’s stock worth $704,925,000 after acquiring an additional 176,565 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Digital Realty Trust by 13.3% during the first quarter. Daiwa Securities Group Inc. now owns 6,100,440 shares of the real estate investment trust’s stock valued at $599,734,000 after buying an additional 715,291 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, insider Cindy Fiedelman sold 2,770 shares of Digital Realty Trust stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $125.00, for a total transaction of $346,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DLR shares. 22nd Century Group restated a “reiterates” rating on shares of Digital Realty Trust in a research report on Tuesday, May 30th. Truist Financial raised their price target on shares of Digital Realty Trust from $130.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, September 20th. BNP Paribas upgraded shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $138.00 price target on the stock in a research report on Friday, July 28th. Barclays raised their price target on shares of Digital Realty Trust from $80.00 to $94.00 and gave the company an “underweight” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $132.00 to $144.00 in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.50.

Check Out Our Latest Stock Report on Digital Realty Trust

Digital Realty Trust Price Performance

Shares of DLR stock opened at $123.60 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50-day moving average is $124.51 and its two-hundred day moving average is $109.09. Digital Realty Trust, Inc. has a 12 month low of $85.76 and a 12 month high of $133.39. The company has a market capitalization of $37.41 billion, a PE ratio of 95.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 378.29%.

Digital Realty Trust Company Profile

(Free Report)

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.