Access Financial Services Inc. Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Access Financial Services Inc. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,093 shares of the real estate investment trust’s stock after selling 126 shares during the period. Access Financial Services Inc.’s holdings in Digital Realty Trust were worth $1,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Clear Creek Financial Management LLC boosted its holdings in shares of Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the last quarter. Trueblood Wealth Management LLC boosted its holdings in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the last quarter. Stolper Co boosted its holdings in shares of Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 64 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 66 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $178.54 on Monday. The firm has a market capitalization of $59.22 billion, a PE ratio of 150.03, a price-to-earnings-growth ratio of 4.35 and a beta of 0.64. The business’s fifty day moving average price is $183.19 and its 200 day moving average price is $166.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

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

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DLR. Stifel Nicolaus upped their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Raymond James upped their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Truist Financial upped their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.32.

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.