Demars Financial Group LLC Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

Demars Financial Group LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 19.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,706 shares of the real estate investment trust’s stock after selling 410 shares during the quarter. Demars Financial Group LLC’s holdings in Digital Realty Trust were worth $230,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DLR. Baldwin Brothers LLC MA boosted 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 during the period. Operose Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. Finally, ZRC Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $33,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

DLR traded up $0.83 on Wednesday, reaching $139.36. 72,155 shares of the company’s stock were exchanged, compared to its average volume of 1,939,149. The stock has a market cap of $43.52 billion, a PE ratio of 46.64, a P/E/G ratio of 3.09 and a beta of 0.54. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18. The stock’s fifty day moving average price is $141.85 and its 200-day moving average price is $136.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. Digital Realty Trust’s payout ratio is presently 164.31%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Evercore ISI reissued an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price for the company. in a report on Friday, February 16th. Raymond James raised their target price on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Finally, Barclays raised their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently 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.