Ninepoint Partners LP Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Ninepoint Partners LP lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,140 shares of the real estate investment trust’s stock after selling 76 shares during the period. Ninepoint Partners LP’s holdings in Digital Realty Trust were worth $153,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after buying an additional 971,032 shares in the last quarter. State Street Corp grew its holdings in Digital Realty Trust by 0.5% during the 1st quarter. State Street Corp now owns 20,131,762 shares of the real estate investment trust’s stock valued at $1,979,148,000 after buying an additional 96,038 shares in the last quarter. FMR LLC grew its holdings in Digital Realty Trust by 4.8% during the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after buying an additional 394,682 shares in the last quarter. Geode Capital Management LLC grew its holdings in Digital Realty Trust by 0.4% during the 1st quarter. Geode Capital Management LLC now owns 6,032,301 shares of the real estate investment trust’s stock valued at $591,734,000 after buying an additional 24,736 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Digital Realty Trust by 6.8% during the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock valued at $535,658,000 after buying an additional 282,825 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Up 0.2 %

Shares of NYSE DLR traded up $0.30 during trading hours on Friday, hitting $136.96. The company’s stock had a trading volume of 599,939 shares, compared to its average volume of 1,965,619. The business has a 50-day simple moving average of $142.29 and a 200-day simple moving average of $135.77. The stock has a market cap of $42.77 billion, a price-to-earnings ratio of 46.01, a P/E/G ratio of 3.08 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 12 month low of $86.33 and a 12 month high of $154.18.

Digital Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Evercore ISI reiterated an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Raymond James lifted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus boosted their target price on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.33.

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.