Novare Capital Management LLC Has $13.32 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Novare Capital Management LLC lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,124 shares of the real estate investment trust’s stock after selling 2,834 shares during the period. Digital Realty Trust comprises about 1.1% of Novare Capital Management LLC’s portfolio, making the stock its 25th biggest position. Novare Capital Management LLC’s holdings in Digital Realty Trust were worth $13,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Adirondack Trust Co. lifted its holdings in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc lifted its holdings in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at about $38,000. Finally, First Financial Corp IN bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of several analyst reports. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Truist Financial boosted their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.89.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $180.56 on Friday. The stock has a market cap of $59.89 billion, a P/E ratio of 151.73, a P/E/G ratio of 4.64 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $183.37 and its two-hundred day moving average price is $167.71. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

Digital Realty Trust Company Profile

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.