UMB Bank n.a. Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

UMB Bank n.a. trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,102 shares of the real estate investment trust’s stock after selling 1,243 shares during the quarter. UMB Bank n.a.’s holdings in Digital Realty Trust were worth $4,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLR. Adirondack Trust Co. grew its position in Digital Realty Trust by 68.6% during the 3rd 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 purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust during the third quarter valued at approximately $38,000. Finally, First Financial Corp IN acquired a new position in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 0.9 %

Shares of DLR opened at $178.54 on Tuesday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. 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 stock has a fifty day simple moving average of $183.19 and a two-hundred day simple moving average of $166.90. The company has a market capitalization of $59.22 billion, a PE ratio of 150.03, a price-to-earnings-growth ratio of 4.35 and a beta of 0.64.

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

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.73%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. Jefferies Financial Group lifted their target price 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. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Truist Financial raised their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.32.

About Digital Realty Trust

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.