Envestnet Portfolio Solutions Inc. Sells 604 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 8,495 shares of the real estate investment trust’s stock after selling 604 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Digital Realty Trust were worth $1,506,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. one8zero8 LLC bought a new stake in Digital Realty Trust during the fourth quarter worth about $607,000. Choate Investment Advisors acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $235,000. Natixis Advisors LLC raised its position in shares of Digital Realty Trust by 14.5% during the fourth quarter. Natixis Advisors LLC now owns 208,886 shares of the real estate investment trust’s stock worth $37,042,000 after acquiring an additional 26,421 shares during the last quarter. Zevin Asset Management LLC lifted its stake in shares of Digital Realty Trust by 11.5% during the fourth quarter. Zevin Asset Management LLC now owns 80,435 shares of the real estate investment trust’s stock valued at $14,264,000 after acquiring an additional 8,308 shares during the period. Finally, JPL Wealth Management LLC bought a new position in Digital Realty Trust in the fourth quarter valued at about $3,456,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent research reports. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research note on Tuesday, February 18th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Stock Down 0.4 %

Digital Realty Trust stock opened at $150.76 on Friday. The company has a fifty day simple moving average of $162.82 and a 200 day simple moving average of $169.77. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The company has a market cap of $50.75 billion, a P/E ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

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

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.