Courier Capital LLC Sells 5,007 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Courier Capital LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,925 shares of the real estate investment trust's stock after selling 5,007 shares during the quarter. Courier Capital LLC's holdings in Digital Realty Trust were worth $2,469,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock valued at $220,068,000 after purchasing an additional 1,773,591 shares during the period. Point72 Asset Management L.P. bought a new stake in Digital Realty Trust in the third quarter valued at approximately $132,980,000. Finally, Wulff Hansen & CO. lifted its holdings in Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock valued at $121,006,000 after purchasing an additional 790,596 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 0.8 %

Shares of NYSE DLR traded down $1.40 during mid-day trading on Monday, reaching $171.94. 1,797,601 shares of the company's stock traded hands, compared to its average volume of 1,924,942. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day simple moving average of $183.46 and a 200 day simple moving average of $166.04. The stock has a market cap of $57.03 billion, a P/E ratio of 144.49, a PEG ratio of 4.91 and a beta of 0.62. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio is 410.08%.

Analysts Set New Price Targets

Several analysts recently issued reports on DLR shares. Truist Financial boosted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. HSBC raised Digital Realty Trust from a "reduce" rating to a "hold" rating and increased their price target for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, Scotiabank upped their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $174.74.

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.

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