Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Lewis Asset Management LLC

Lewis Asset Management LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,472 shares of the real estate investment trust’s stock after selling 62 shares during the period. Lewis Asset Management LLC’s holdings in Digital Realty Trust were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd raised its holdings in Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its position in Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after buying an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after buying an additional 11,405 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in shares of Digital Realty Trust by 53.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust’s stock worth $2,937,000 after acquiring an additional 5,788 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.0 %

Shares of NYSE:DLR opened at $162.12 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company’s fifty day moving average is $182.49 and its two-hundred day moving average is $167.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $53.78 billion, a price-to-earnings ratio of 136.23, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.01%. Digital Realty Trust’s payout ratio is currently 410.08%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank increased their price target on Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Barclays raised their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Truist Financial upped their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

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.