Checchi Capital Advisers LLC Trims Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Checchi Capital Advisers LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,490 shares of the real estate investment trust’s stock after selling 207 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Digital Realty Trust were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. National Pension Service lifted its position in shares of Digital Realty Trust by 88.8% during the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock worth $139,812,000 after buying an additional 370,835 shares during the last quarter. Denali Advisors LLC lifted its position in shares of Digital Realty Trust by 188.9% during the 4th quarter. Denali Advisors LLC now owns 14,185 shares of the real estate investment trust’s stock worth $2,516,000 after buying an additional 9,275 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Digital Realty Trust by 2.9% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,799 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 107 shares during the last quarter. Longbow Finance SA lifted its position in shares of Digital Realty Trust by 5.0% during the 4th quarter. Longbow Finance SA now owns 11,663 shares of the real estate investment trust’s stock worth $2,068,000 after buying an additional 552 shares during the last quarter. Finally, Todd Asset Management LLC lifted its position in shares of Digital Realty Trust by 68.9% during the 4th quarter. Todd Asset Management LLC now owns 88,505 shares of the real estate investment trust’s stock worth $15,695,000 after buying an additional 36,090 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DLR. Wells Fargo & Company reduced their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Barclays lifted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $159.16 on Thursday. The firm has a market capitalization of $52.80 billion, a P/E ratio of 98.25, a PEG ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The company’s fifty day moving average is $172.10 and its two-hundred day moving average is $169.78. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.17% of the company’s stock.

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.