SFE Investment Counsel Has $1.20 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

SFE Investment Counsel trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 20.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,925 shares of the real estate investment trust’s stock after selling 2,255 shares during the quarter. SFE Investment Counsel’s holdings in Digital Realty Trust were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Baldwin Brothers LLC MA increased its position in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Operose Advisors LLC bought a new stake in Digital Realty Trust in the 3rd quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $32,000. Finally, ZRC Wealth Management LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at approximately $33,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DLR. Citigroup increased their target price on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Price Performance

DLR traded up $1.26 during trading on Thursday, reaching $137.01. The stock had a trading volume of 867,646 shares, compared to its average volume of 1,975,152. The stock has a market cap of $42.79 billion, a PE ratio of 46.13, a PEG ratio of 3.38 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The business has a 50-day moving average of $142.50 and a 200-day moving average of $135.76.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.56%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Digital Realty Trust 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.