Sagace Wealth Management LLC Has $2.45 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Sagace Wealth Management LLC lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,829 shares of the real estate investment trust's stock after selling 11,337 shares during the period. Digital Realty Trust accounts for 1.8% of Sagace Wealth Management LLC's investment portfolio, making the stock its 18th biggest position. Sagace Wealth Management LLC's holdings in Digital Realty Trust were worth $2,452,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Adirondack Trust Co. raised its holdings in 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 worth $32,000 after acquiring an additional 81 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc lifted its position 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 buying an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust during the third quarter valued at approximately $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust in the fourth quarter worth $42,000. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on DLR shares. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barclays raised their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research note on Monday, November 18th. Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Truist Financial boosted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $177.32.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $3.87 during trading on Thursday, hitting $178.78. The company had a trading volume of 721,474 shares, compared to its average volume of 1,756,789. The business's 50-day moving average is $183.21 and its 200 day moving average is $166.36. The company has a market cap of $59.30 billion, a P/E ratio of 150.11, a PEG ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. 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 (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 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 Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio is currently 410.08%.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated 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 available at the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.