Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 21.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,277 shares of the real estate investment trust's stock after selling 4,177 shares during the period. J. Safra Sarasin Holding AG's holdings in Digital Realty Trust were worth $2,709,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Stolper Co grew its stake in Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after acquiring an additional 64 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Digital Realty Trust by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after purchasing an additional 64 shares during the period. Catalina Capital Group LLC grew its stake in Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 72 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Digital Realty Trust by 25.9% during the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 73 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of Digital Realty Trust by 5.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after buying an additional 74 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $6.35 during midday trading on Friday, reaching $160.10. The company had a trading volume of 3,387,601 shares, compared to its average volume of 2,048,364. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The business's 50-day simple moving average is $150.10 and its 200 day simple moving average is $167.60. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $53.91 billion, a P/E ratio of 98.83, a P/E/G ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.05%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Analysts Set New Price Targets

DLR has been the topic of several research reports. Jefferies Financial Group restated a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday. Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $183.05.

About Digital Realty Trust

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.