US Bancorp DE Sells 10,396 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

US Bancorp DE reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 200,331 shares of the real estate investment trust's stock after selling 10,396 shares during the period. US Bancorp DE owned 0.06% of Digital Realty Trust worth $35,526,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc boosted its holdings in shares of Digital Realty Trust by 480.6% in the fourth 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 period. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $37,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on DLR shares. Scotiabank upgraded Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $181.00.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Down 0.5 %

Shares of Digital Realty Trust stock traded down $0.77 during trading on Monday, reaching $155.55. 721,863 shares of the stock were exchanged, compared to its average volume of 2,431,916. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The firm has a market cap of $52.37 billion, a price-to-earnings ratio of 95.89, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock's fifty day moving average is $171.26 and its 200 day moving average is $170.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 301.23%.

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.