Stifel Financial Corp Sells 21,818 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Stifel Financial Corp cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,450 shares of the real estate investment trust's stock after selling 21,818 shares during the quarter. Stifel Financial Corp owned 0.13% of Digital Realty Trust worth $77,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Digital Realty Trust during the third quarter worth $657,000. Synovus Financial Corp increased its holdings in Digital Realty Trust by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust's stock worth $1,057,000 after purchasing an additional 421 shares in the last quarter. Retirement Systems of Alabama raised its position in Digital Realty Trust by 2.6% in the third quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust's stock valued at $41,090,000 after purchasing an additional 6,360 shares during the last quarter. FFG Partners LLC bought a new position in Digital Realty Trust in the third quarter valued at about $10,446,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Digital Realty Trust by 13.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust's stock valued at $559,000 after purchasing an additional 424 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

DLR has been the subject of a number of research reports. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Mizuho lowered their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. JMP Securities reiterated 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. Citigroup cut their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.68.

Digital Realty Trust Stock Performance

NYSE DLR opened at $149.10 on Wednesday. The company has a market cap of $50.21 billion, a P/E ratio of 92.03, a PEG ratio of 4.38 and a beta of 0.92. The company has a fifty day simple moving average of $150.66 and a 200 day simple moving average of $167.72. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.27%. Digital Realty Trust's payout ratio is 301.23%.

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.

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