Peapack Gladstone Financial Corp Sells 396 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Peapack Gladstone Financial Corp trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,161 shares of the real estate investment trust’s stock after selling 396 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Digital Realty Trust were worth $4,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Mirabaud Asset Management Ltd raised its position in shares of Digital Realty Trust by 4.6% during the 4th quarter. Mirabaud Asset Management Ltd now owns 17,955 shares of the real estate investment trust’s stock valued at $3,164,000 after purchasing an additional 783 shares during the period. Russell Investments Group Ltd. increased its stake in Digital Realty Trust by 16.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,078,317 shares of the real estate investment trust’s stock worth $368,426,000 after buying an additional 299,268 shares in the last quarter. Hemenway Trust Co LLC raised its holdings in Digital Realty Trust by 11.7% during the fourth quarter. Hemenway Trust Co LLC now owns 1,564 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 164 shares during the period. Wedbush Securities Inc. lifted its position in shares of Digital Realty Trust by 69.5% in the fourth quarter. Wedbush Securities Inc. now owns 3,064 shares of the real estate investment trust’s stock valued at $543,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Digital Realty Trust by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 434,333 shares of the real estate investment trust’s stock worth $77,020,000 after acquiring an additional 42,696 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 2.6 %

Shares of NYSE DLR opened at $137.45 on Monday. Digital Realty Trust, Inc. has a 1 year low of $133.95 and a 1 year high of $198.00. The firm has a 50-day simple moving average of $156.26 and a two-hundred day simple moving average of $169.36. The company has a market cap of $46.27 billion, a P/E ratio of 84.85, a PEG ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.55%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Analysts Set New Price Targets

A number of research analysts recently commented on DLR shares. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research note on Tuesday, February 18th. JMP Securities reissued a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

Digital Realty Trust 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.