Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,529 shares of the real estate investment trust's stock after selling 4,846 shares during the quarter. Financial Counselors Inc.'s holdings in Digital Realty Trust were worth $22,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DLR. Stolper Co raised its holdings in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after purchasing an additional 64 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 64 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Digital Realty Trust by 6.6% during the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after acquiring an additional 67 shares during the last quarter. Catalina Capital Group LLC boosted 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 valued at $424,000 after acquiring an additional 72 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Digital Realty Trust by 25.9% in 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 in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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Digital Realty Trust Stock Down 2.0 %

Shares of DLR traded down $2.85 during mid-day trading on Friday, hitting $142.10. 2,799,189 shares of the company's stock were exchanged, compared to its average volume of 1,963,855. The stock's 50-day moving average is $160.10 and its 200-day moving average is $169.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a market cap of $47.84 billion, a price-to-earnings ratio of 87.71, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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 net margin of 10.85% and a return on equity of 2.97%. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's payout ratio is presently 301.23%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Truist Financial reduced their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, March 10th. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $180.32.

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.