Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Cetera Trust Company N.A

Cetera Trust Company N.A cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,075 shares of the real estate investment trust’s stock after selling 145 shares during the period. Cetera Trust Company N.A’s holdings in Digital Realty Trust were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DLR. Simon Quick Advisors LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $284,000. Sheets Smith Wealth Management acquired a new stake in Digital Realty Trust during the 4th quarter worth about $201,000. Proquility Private Wealth Partners LLC raised its stake in shares of Digital Realty Trust by 0.8% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 23,528 shares of the real estate investment trust’s stock valued at $4,172,000 after buying an additional 176 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Digital Realty Trust by 23.1% in the 4th quarter. Atomi Financial Group Inc. now owns 2,103 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 394 shares during the period. Finally, Alpha Cubed Investments LLC grew its stake in shares of Digital Realty Trust by 27.7% during the 4th quarter. Alpha Cubed Investments LLC now owns 198,726 shares of the real estate investment trust’s stock worth $35,240,000 after purchasing an additional 43,051 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.32.

Digital Realty Trust Stock Up 1.8 %

DLR stock opened at $186.88 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day simple moving average of $183.16 and a 200-day simple moving average of $167.31. The company has a market capitalization of $61.99 billion, a P/E ratio of 157.49, a PEG ratio of 4.48 and a beta of 0.64. 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 announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

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.