Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,095 shares of the real estate investment trust’s stock after selling 198 shares during the quarter. Trust Co. of Vermont’s holdings in Digital Realty Trust were worth $1,435,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in shares of Digital Realty Trust by 49.9% in the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock valued at $1,054,000 after buying an additional 2,307 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Digital Realty Trust during the second quarter worth about $9,105,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Digital Realty Trust by 27.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,797 shares of the real estate investment trust’s stock worth $2,706,000 after purchasing an additional 3,816 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Digital Realty Trust by 9.6% in the second quarter. Blair William & Co. IL now owns 23,253 shares of the real estate investment trust’s stock valued at $3,536,000 after purchasing an additional 2,032 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $298,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $178.54 on Friday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. 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 firm has a market cap of $59.22 billion, a price-to-earnings ratio of 150.03, a PEG ratio of 4.35 and a beta of 0.64. The stock’s 50-day moving average is $183.19 and its two-hundred day moving average is $166.69.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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 firm 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.62 EPS. Analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was 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 can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DLR. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $185.00 to $194.00 in a report on Wednesday. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. TD Cowen lifted their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group upped 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 note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.32.

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.