Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Highline Wealth Partners LLC

Highline Wealth Partners LLC trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,761 shares of the real estate investment trust’s stock after selling 188 shares during the period. Digital Realty Trust makes up about 1.3% of Highline Wealth Partners LLC’s holdings, making the stock its 24th largest holding. Highline Wealth Partners LLC’s holdings in Digital Realty Trust were worth $3,859,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DLR. Victory Capital Management Inc. raised its holdings in shares of Digital Realty Trust by 39.6% in the second quarter. Victory Capital Management Inc. now owns 140,270 shares of the real estate investment trust’s stock worth $21,328,000 after acquiring an additional 39,793 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Digital Realty Trust by 30.3% during the 2nd quarter. Private Advisor Group LLC now owns 11,979 shares of the real estate investment trust’s stock worth $1,822,000 after purchasing an additional 2,785 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Digital Realty Trust by 856.4% during the second quarter. Acadian Asset Management LLC now owns 25,661 shares of the real estate investment trust’s stock valued at $3,898,000 after buying an additional 22,978 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at $212,000. Finally, Wedbush Securities Inc. boosted its holdings in shares of Digital Realty Trust by 34.7% during the second quarter. Wedbush Securities Inc. now owns 2,685 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 692 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James boosted 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 note on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. TD Cowen raised their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.74.

Digital Realty Trust Stock Down 2.7 %

NYSE DLR traded down $4.82 on Friday, hitting $176.05. 973,164 shares of the stock traded hands, compared to its average volume of 1,631,981. The company has a market capitalization of $58.40 billion, a P/E ratio of 147.94, a price-to-earnings-growth ratio of 4.97 and a beta of 0.64. The stock has a 50-day moving average of $183.52 and a 200 day moving average of $165.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.77%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

About Digital Realty Trust

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.