Washington Trust Bank Sells 3,773 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Washington Trust Bank reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,429 shares of the real estate investment trust's stock after selling 3,773 shares during the period. Washington Trust Bank's holdings in Digital Realty Trust were worth $6,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Holderness Investments Co. bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $273,000. HUB Investment Partners LLC increased its holdings in Digital Realty Trust by 3.8% in the 4th quarter. HUB Investment Partners LLC now owns 2,349 shares of the real estate investment trust's stock worth $417,000 after purchasing an additional 85 shares in the last quarter. BluePointe Capital Management LLC raised its position in Digital Realty Trust by 2.9% in the fourth quarter. BluePointe Capital Management LLC now owns 3,272 shares of the real estate investment trust's stock valued at $584,000 after purchasing an additional 93 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Digital Realty Trust by 41.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 174,114 shares of the real estate investment trust's stock valued at $30,876,000 after purchasing an additional 50,614 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Digital Realty Trust by 31.0% during the fourth quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust's stock worth $7,649,000 after purchasing an additional 10,210 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

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Digital Realty Trust Stock Down 1.4 %

DLR traded down $2.05 during midday trading on Wednesday, hitting $149.37. The company had a trading volume of 2,241,817 shares, compared to its average volume of 1,872,169. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 92.21, a PEG ratio of 4.38 and a beta of 0.65. The stock's 50 day moving average price is $162.04 and its 200 day moving average price is $170.12. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.27%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Barclays lowered their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. 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. Finally, Truist Financial lowered their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $179.95.

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.