Capital Asset Advisory Services LLC lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 80.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,017 shares of the real estate investment trust’s stock after selling 4,057 shares during the period. Capital Asset Advisory Services LLC’s holdings in Digital Realty Trust were worth $143,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Toth Financial Advisory Corp purchased a new position in Digital Realty Trust during the 4th quarter worth $28,000. HBC Financial Services PLLC purchased a new position in Digital Realty Trust during the 4th quarter worth $27,000. Salem Investment Counselors Inc. purchased a new position in Digital Realty Trust during the 4th quarter worth $28,000. Crescent Capital Consulting LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $30,000. Finally, Merrion Investment Management Co LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.
Digital Realty Trust stock opened at $142.90 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $124.65 and a 12-month high of $165.49. The stock has a market capitalization of $40.17 billion, a P/E ratio of 58.09, a P/E/G ratio of 3.01 and a beta of 0.10. The firm’s 50-day moving average is $136.80 and its two-hundred day moving average is $140.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.71 and a quick ratio of 0.71.
The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 15th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.25%. Digital Realty Trust’s dividend payout ratio is currently 69.77%.
In related news, Director Kevin Kennedy sold 200 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $134.58, for a total value of $26,916.00. Following the sale, the director now directly owns 200 shares of the company’s stock, valued at $26,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cindy Fiedelman sold 1,024 shares of the firm’s stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of $143.83, for a total transaction of $147,281.92. Following the completion of the sale, the insider now directly owns 1,024 shares in the company, valued at $147,281.92. The disclosure for this sale can be found here. Insiders have sold a total of 55,780 shares of company stock worth $7,466,129 over the last ninety days. 0.61% of the stock is owned by corporate insiders.
DLR has been the subject of a number of analyst reports. TheStreet upgraded shares of Digital Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, February 22nd. Raymond James cut their price target on shares of Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 16th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of Digital Realty Trust in a report on Thursday, March 18th. They issued a “peer perform” rating for the company. Edward Jones upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 18th. Finally, TD Securities upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Friday, December 18th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $160.95.
Digital Realty Trust Profile
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.
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