Prudent Man Advisors LLC Trims Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Prudent Man Advisors LLC lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,447 shares of the real estate investment trust’s stock after selling 791 shares during the quarter. Prudent Man Advisors LLC’s holdings in Digital Realty Trust were worth $1,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLR. Hudson Valley Investment Advisors Inc. ADV grew its stake in Digital Realty Trust by 6.4% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,484 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 150 shares in the last quarter. Stephens Inc. AR grew its stake in Digital Realty Trust by 0.6% in the third quarter. Stephens Inc. AR now owns 40,139 shares of the real estate investment trust’s stock worth $6,496,000 after purchasing an additional 243 shares in the last quarter. Shepherd Financial Partners LLC boosted its position in Digital Realty Trust by 7.0% during the 3rd quarter. Shepherd Financial Partners LLC now owns 7,675 shares of the real estate investment trust’s stock valued at $1,242,000 after acquiring an additional 504 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in Digital Realty Trust by 17.7% during the 3rd quarter. Weatherly Asset Management L. P. now owns 41,737 shares of the real estate investment trust’s stock valued at $6,754,000 after acquiring an additional 6,267 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Digital Realty Trust by 32.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 574 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.6 %

Digital Realty Trust stock opened at $156.38 on Friday. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The stock’s fifty day simple moving average is $171.26 and its 200-day simple moving average is $169.75. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $52.64 billion, a P/E ratio of 96.53, a P/E/G ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.12%. Digital Realty Trust’s payout ratio is currently 301.23%.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.00.

About Digital Realty Trust

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.