Core Wealth Partners LLC Decreases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Core Wealth Partners LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.5% during the first quarter, HoldingsChannel.com reports. The firm owned 1,547 shares of the real estate investment trust’s stock after selling 90 shares during the period. Core Wealth Partners LLC’s holdings in Digital Realty Trust were worth $223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DLR. Public Employees Retirement System of Ohio raised its position in Digital Realty Trust by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after acquiring an additional 9,158 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Digital Realty Trust by 17.7% in the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after purchasing an additional 35,456 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Digital Realty Trust by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after buying an additional 85,262 shares in the last quarter. Lyell Wealth Management LP grew its position in Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 5,197 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Digital Realty Trust by 2.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock valued at $18,558,000 after purchasing an additional 2,840 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. TD Cowen lifted their price objective on Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Finally, Truist Financial lifted their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $149.42.

Digital Realty Trust Stock Down 0.8 %

NYSE:DLR traded down $1.20 during mid-day trading on Thursday, hitting $151.71. The stock had a trading volume of 879,721 shares, compared to its average volume of 1,469,527. Digital Realty Trust, Inc. has a twelve month low of $112.38 and a twelve month high of $154.18. The stock has a 50-day simple moving average of $145.50 and a two-hundred day simple moving average of $142.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $47.40 billion, a PE ratio of 42.14, a PEG ratio of 20.02 and a beta of 0.59.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. Digital Realty Trust’s payout ratio is 135.56%.

About Digital Realty Trust

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.