Digital Realty Trust (NYSE:DLR) Shares Down 4.1% – What’s Next?

Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded down 4.1% during mid-day trading on Tuesday . The stock traded as low as $158.14 and last traded at $158.04. 407,860 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 2,197,520 shares. The stock had previously closed at $164.74.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Barclays raised their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. TD Cowen upped their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $180.95.

Digital Realty Trust Stock Performance

The stock’s 50-day simple moving average is $182.99 and its 200 day simple moving average is $167.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $53.78 billion, a PE ratio of 135.95, a P/E/G ratio of 4.64 and a beta of 0.64.

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 issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other 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 value of $471,873.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in DLR. Adirondack Trust Co. raised its position 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 purchasing an additional 81 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc increased its holdings in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Digital Realty Trust during the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the 4th quarter worth about $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.