Crossmark Global Holdings Inc. Sells 823 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Crossmark Global Holdings Inc. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,049 shares of the real estate investment trust’s stock after selling 823 shares during the period. Crossmark Global Holdings Inc.’s holdings in Digital Realty Trust were worth $2,846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DLR. Rockefeller Capital Management L.P. increased its holdings in Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd grew its holdings in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after buying an additional 31,430 shares in the last quarter. Capital Investment Advisors LLC raised its position in Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after buying an additional 11,405 shares during the last quarter. TCW Group Inc. boosted its holdings in Digital Realty Trust by 161.0% during the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock worth $8,204,000 after acquiring an additional 31,272 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Digital Realty Trust by 3,056.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 4,095 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Truist Financial boosted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Jefferies Financial Group upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.32.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $182.40 on Thursday. The business’s fifty day moving average is $183.16 and its 200 day moving average is $167.31. The firm has a market cap of $60.50 billion, a price-to-earnings ratio of 153.28, a PEG ratio of 4.48 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company’s stock.

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.