KBC Group NV Reduces Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

KBC Group NV cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,835 shares of the real estate investment trust's stock after selling 199,086 shares during the period. KBC Group NV's holdings in Digital Realty Trust were worth $14,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLR. Daiwa Securities Group Inc. increased its stake in shares of Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock worth $783,812,000 after buying an additional 117,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Digital Realty Trust by 501.7% in the 3rd 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 in the last quarter. abrdn plc raised its holdings in shares of Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust's stock valued at $315,999,000 after purchasing an additional 288,772 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Digital Realty Trust by 2.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust's stock valued at $261,375,000 after buying an additional 40,491 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DLR. Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. JMP Securities assumed coverage on shares of Digital Realty Trust in a research note on Monday. They set an "outperform" rating and a $220.00 price target on the stock. TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $180.95.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $1.50 during midday trading on Thursday, reaching $163.23. The company's stock had a trading volume of 1,180,840 shares, compared to its average volume of 2,392,103. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The firm has a market capitalization of $54.15 billion, a PE ratio of 137.59, a P/E/G ratio of 4.64 and a beta of 0.64. The stock's 50 day simple moving average is $182.02 and its 200 day simple moving average is $167.93.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is 410.08%.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on 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 SEC, which can be accessed through this link. 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.