Kingswood Wealth Advisors LLC Sells 1,887 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Kingswood Wealth Advisors LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,930 shares of the real estate investment trust's stock after selling 1,887 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Digital Realty Trust were worth $1,229,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Adirondack Trust Co. grew its stake in shares of Digital Realty Trust by 68.6% in the 3rd 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 during the period. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% during 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 in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Digital Realty Trust during the third quarter valued at $38,000. Finally, First Financial Corp IN acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 0.3 %

NYSE DLR traded down $0.43 during trading hours on Friday, hitting $163.80. 1,121,444 shares of the company traded hands, compared to its average volume of 2,365,776. The stock has a market capitalization of $54.33 billion, a price-to-earnings ratio of 137.65, a P/E/G ratio of 4.11 and a beta of 0.64. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The business's 50-day moving average is $181.55 and its 200-day moving average is $167.91. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.98%. Digital Realty Trust's payout ratio is 410.08%.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DLR has been the subject of several analyst reports. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and increased their price target for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Evercore ISI boosted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, TD Cowen raised their target price on Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.95.

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.