Daymark Wealth Partners LLC Sells 180 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Daymark Wealth Partners LLC lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,057 shares of the real estate investment trust’s stock after selling 180 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Digital Realty Trust were worth $365,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Digital Realty Trust by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 62,360 shares of the real estate investment trust’s stock valued at $9,482,000 after acquiring an additional 324 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Digital Realty Trust by 84.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 33,699 shares of the real estate investment trust’s stock valued at $5,124,000 after purchasing an additional 15,450 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Digital Realty Trust by 4.3% in the second quarter. Evergreen Capital Management LLC now owns 3,148 shares of the real estate investment trust’s stock worth $479,000 after purchasing an additional 130 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Digital Realty Trust during the second quarter worth $12,877,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Digital Realty Trust by 65.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,815 shares of the real estate investment trust’s stock valued at $9,095,000 after buying an additional 23,657 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.89.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $183.45 on Friday. The firm has a market capitalization of $60.85 billion, a price-to-earnings ratio of 154.16, a price-to-earnings-growth ratio of 4.61 and a beta of 0.64. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $183.25 and a 200-day moving average of $167.42.

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

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.66%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

About Digital Realty Trust

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.