First National Trust Co Sells 1,418 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

First National Trust Co lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,350 shares of the real estate investment trust’s stock after selling 1,418 shares during the quarter. First National Trust Co’s holdings in Digital Realty Trust were worth $1,303,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DLR. Assetmark Inc. lifted its position in shares of Digital Realty Trust by 7.5% during the 3rd quarter. Assetmark Inc. now owns 3,644 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 255 shares during the period. Atria Investments Inc lifted its holdings in shares of Digital Realty Trust by 7.8% during the third quarter. Atria Investments Inc now owns 9,582 shares of the real estate investment trust’s stock valued at $1,551,000 after acquiring an additional 695 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at $194,000. Apollon Wealth Management LLC grew its holdings in shares of Digital Realty Trust by 2.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 9,011 shares of the real estate investment trust’s stock worth $1,458,000 after purchasing an additional 217 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Digital Realty Trust by 1.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,208 shares of the real estate investment trust’s stock worth $3,594,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DLR shares. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. Barclays boosted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Truist Financial lowered their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.11.

Digital Realty Trust Stock Up 1.7 %

NYSE:DLR opened at $148.41 on Friday. The stock’s fifty day simple moving average is $165.62 and its 200-day simple moving average is $169.77. The firm has a market capitalization of $49.96 billion, a P/E ratio of 91.61, a P/E/G ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.

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

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

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.