Sanibel Captiva Trust Company Inc. Has $2.10 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,852 shares of the real estate investment trust’s stock after selling 155 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Digital Realty Trust were worth $2,102,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DLR. Adirondack Trust Co. raised its holdings in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust in the third quarter worth $38,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust during the fourth quarter worth $42,000. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 0.9 %

Shares of DLR opened at $178.54 on Friday. The business’s fifty day moving average price is $183.19 and its two-hundred day moving average price is $166.69. The firm has a market capitalization of $59.22 billion, a price-to-earnings ratio of 150.03, a PEG ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week 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.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.73%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Raymond James raised their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Jefferies Financial Group raised their price target 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. Wells Fargo & Company upped their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.