New York Life Investment Management LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,518 shares of the real estate investment trust's stock after selling 40,819 shares during the period. New York Life Investment Management LLC's holdings in Digital Realty Trust were worth $8,249,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. 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 bought a new stake in Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc grew its position in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $37,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company's stock.
Digital Realty Trust Price Performance
Shares of NYSE DLR traded down $1.17 during trading on Monday, reaching $155.15. The company had a trading volume of 2,455,581 shares, compared to its average volume of 2,476,896. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The business's 50 day moving average price is $171.26 and its 200-day moving average price is $170.02. The stock has a market cap of $52.23 billion, a PE ratio of 95.77, a PEG ratio of 4.38 and a beta of 0.63.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 3.15%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio is 301.23%.
Insider Buying and Selling
In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on DLR shares. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial increased their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. JMP Securities reissued a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Two equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.00.
Check Out Our Latest Stock Report on DLR
Digital Realty Trust Profile
(
Free Report)
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.
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