CreativeOne Wealth LLC Cuts Position in Digital Realty Trust, Inc. (NYSE:DLR)

CreativeOne Wealth LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 33.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,369 shares of the real estate investment trust’s stock after selling 1,165 shares during the quarter. CreativeOne Wealth LLC’s holdings in Digital Realty Trust were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Operose Advisors LLC purchased a new position in Digital Realty Trust in the third quarter valued at about $27,000. Baldwin Brothers LLC MA raised its stake in shares of Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth about $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Digital Realty Trust during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction that occurred 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 completion of the transaction, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Up 0.4 %

Shares of NYSE:DLR traded up $0.52 during trading on Friday, hitting $142.77. The company’s stock had a trading volume of 1,122,255 shares, compared to its average volume of 2,570,588. Digital Realty Trust, Inc. has a fifty-two week low of $88.88 and a fifty-two week high of $154.18. The stock’s 50-day moving average price is $141.41 and its two-hundred day moving average price is $139.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $44.61 billion, a PE ratio of 39.66 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DLR shares. HSBC raised their price target on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a research report on Friday, February 16th. UBS Group lifted their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Barclays upped their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $142.65.

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.