Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,778 shares of the real estate investment trust’s stock after selling 908 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Digital Realty Trust were worth $2,529,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DLR. AEGON ASSET MANAGEMENT UK Plc raised its stake in Digital Realty Trust by 17.7% in 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. Rockefeller Capital Management L.P. raised its position in shares of Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after acquiring an additional 23,028 shares in the last quarter. Cumberland Partners Ltd lifted its stake in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after purchasing an additional 31,430 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in 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 valued at $2,937,000 after purchasing an additional 5,788 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DLR. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Truist Financial lifted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.95.

Digital Realty Trust Price Performance

Shares of DLR opened at $163.80 on Friday. The firm has a market capitalization of $54.33 billion, a PE ratio of 137.65, a P/E/G ratio of 4.11 and a beta of 0.64. The stock’s 50 day moving average is $181.03 and its two-hundred day moving average is $167.94. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.