Wright Investors Service Inc. Sells 4,393 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Wright Investors Service Inc. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 40.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,572 shares of the real estate investment trust's stock after selling 4,393 shares during the period. Wright Investors Service Inc.'s holdings in Digital Realty Trust were worth $1,165,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. Federated Hermes Inc. lifted its holdings in Digital Realty Trust by 49.9% during the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust's stock valued at $1,054,000 after purchasing an additional 2,307 shares during the last quarter. Parallel Advisors LLC boosted its position in Digital Realty Trust by 3.5% during the second quarter. Parallel Advisors LLC now owns 4,394 shares of the real estate investment trust's stock worth $668,000 after purchasing an additional 150 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Digital Realty Trust by 5.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,926 shares of the real estate investment trust's stock worth $3,334,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Digital Realty Trust by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust's stock valued at $59,459,000 after purchasing an additional 2,479 shares during the period. Institutional investors own 99.71% of the company's stock.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company's stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded up $2.01 during trading on Tuesday, hitting $173.93. 1,537,391 shares of the stock traded hands, compared to its average volume of 1,876,965. The stock has a market cap of $57.69 billion, a price-to-earnings ratio of 146.16, a PEG ratio of 4.91 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The firm's fifty day moving average is $183.35 and its 200-day moving average is $166.20.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. Research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio is presently 410.08%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DLR shares. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Truist Financial lifted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Finally, Raymond James raised their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.74.

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.