Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,060 shares of the real estate investment trust’s stock after selling 218 shares during the period. Gulf International Bank UK Ltd’s holdings in Digital Realty Trust were worth $4,443,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 173 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Digital Realty Trust during the 4th quarter worth $37,000. Finally, First Financial Corp IN bought a new stake in shares of Digital Realty Trust in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DLR shares. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Truist Financial lifted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays upped their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Scotiabank raised shares of 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 report on Tuesday, February 18th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Trading Down 1.3 %

Shares of DLR stock opened at $157.28 on Friday. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The firm has a market capitalization of $52.17 billion, a PE ratio of 97.08, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. The stock has a fifty day moving average of $171.70 and a two-hundred day moving average of $169.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate 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, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

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.