Hutchens & Kramer Investment Management Group LLC Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

Hutchens & Kramer Investment Management Group LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,079 shares of the real estate investment trust’s stock after selling 179 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Digital Realty Trust were worth $369,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DLR. APG Asset Management N.V. boosted its position in shares of Digital Realty Trust by 226.1% during the second quarter. APG Asset Management N.V. now owns 36,634 shares of the real estate investment trust’s stock valued at $5,197,000 after buying an additional 25,400 shares during the period. Mackenzie Financial Corp raised its stake in shares of Digital Realty Trust by 1.3% during the second quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock valued at $4,393,000 after acquiring an additional 367 shares in the last quarter. Creative Planning raised its stake in shares of Digital Realty Trust by 2.3% during the second quarter. Creative Planning now owns 164,626 shares of the real estate investment trust’s stock valued at $25,031,000 after acquiring an additional 3,706 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Digital Realty Trust by 16.1% during the second quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock valued at $2,245,000 after acquiring an additional 2,047 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Digital Realty Trust by 23.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,416 shares of the real estate investment trust’s stock valued at $2,344,000 after acquiring an additional 2,963 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday. Finally, TD Cowen boosted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.95.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $164.46 on Tuesday. The company has a market cap of $54.55 billion, a PE ratio of 138.20, a PEG ratio of 4.64 and a beta of 0.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The business’s fifty day simple moving average is $183.37 and its 200-day simple moving average is $167.90.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Company 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.