Spectrum Wealth Counsel LLC Sells 80 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Spectrum Wealth Counsel LLC decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,515 shares of the real estate investment trust’s stock after selling 80 shares during the period. Spectrum Wealth Counsel LLC’s holdings in Digital Realty Trust were worth $4,879,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after purchasing an additional 3,607,802 shares during the period. Point72 Asset Management L.P. purchased a new stake in Digital Realty Trust in the third quarter worth about $132,980,000. Sycomore Asset Management purchased a new stake in Digital Realty Trust in the third quarter worth about $80,915,000. National Pension Service grew its holdings in Digital Realty Trust by 88.8% in the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after purchasing an additional 370,835 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $38,428,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DLR. JMP Securities restated a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Wells Fargo & Company cut their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Finally, UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.00.

Insider Activity at Digital Realty Trust

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

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $156.38 on Friday. The firm has a fifty day moving average price of $171.26 and a 200-day moving average price of $169.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The stock has a market cap of $52.64 billion, a PE ratio of 96.53, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.12%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

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.