Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by First Pacific Financial

First Pacific Financial trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 18.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 262 shares of the real estate investment trust’s stock after selling 61 shares during the period. First Pacific Financial’s holdings in Digital Realty Trust were worth $46,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Adirondack Trust Co. raised its stake in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust during the third quarter worth about $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust during the fourth quarter worth about $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s 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 this link. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DLR. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Jefferies Financial Group increased their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Scotiabank increased their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, Barclays increased their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $177.32.

Digital Realty Trust Stock Up 2.9 %

Shares of NYSE:DLR opened at $179.96 on Friday. The stock has a market capitalization of $59.70 billion, a price-to-earnings ratio of 151.23, a price-to-earnings-growth ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company’s fifty day moving average is $183.23 and its two-hundred day moving average is $166.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share 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 analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.62 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

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 2.71%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

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.