PFG Investments LLC Cuts Position in Digital Realty Trust, Inc. (NYSE:DLR)

PFG Investments LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,413 shares of the real estate investment trust’s stock after selling 69 shares during the period. PFG Investments LLC’s holdings in Digital Realty Trust were worth $1,492,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DLR. Rockefeller Capital Management L.P. raised its holdings in Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after acquiring an additional 23,028 shares during the last quarter. Cumberland Partners Ltd increased its stake in Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after purchasing an additional 31,430 shares during the last quarter. Capital Investment Advisors LLC lifted its position in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after buying an additional 11,405 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after buying an additional 9,959 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in Digital Realty Trust by 53.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust’s stock valued at $2,937,000 after buying an additional 5,788 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Stock Performance

DLR opened at $164.46 on Tuesday. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The firm has a market capitalization of $54.55 billion, a P/E ratio of 138.20, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The stock’s 50 day moving average price is $183.37 and its two-hundred day moving average price is $167.90. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) 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 the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.