Pacer Advisors Inc. Sells 80,056 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Pacer Advisors Inc. cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,885 shares of the real estate investment trust's stock after selling 80,056 shares during the period. Pacer Advisors Inc. owned 0.11% of Digital Realty Trust worth $66,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DLR. Adirondack Trust Co. lifted its holdings in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth $38,000. Finally, First Financial Corp IN purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday. Finally, Scotiabank lifted their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $180.95.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded down $2.55 during mid-day trading on Tuesday, reaching $162.19. 4,745,520 shares of the company were exchanged, compared to its average volume of 2,451,119. The stock has a market capitalization of $53.80 billion, a PE ratio of 136.29, a PEG ratio of 4.64 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company's 50 day moving average price is $182.99 and its 200 day moving average price is $167.95.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust's dividend payout ratio is presently 410.08%.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Company Profile

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.