Grassi Investment Management Sells 1,345 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Grassi Investment Management lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,290 shares of the real estate investment trust’s stock after selling 1,345 shares during the period. Grassi Investment Management’s holdings in Digital Realty Trust were worth $9,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its position in Digital Realty Trust by 9.7% during the fourth quarter. Wedmont Private Capital now owns 4,064 shares of the real estate investment trust’s stock worth $704,000 after purchasing an additional 360 shares during the period. Agate Pass Investment Management LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth about $885,000. Capital Investment Advisors LLC grew its stake in Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after buying an additional 11,405 shares during the last quarter. Brookstone Capital Management raised its holdings in Digital Realty Trust by 16.3% in the 4th quarter. Brookstone Capital Management now owns 21,011 shares of the real estate investment trust’s stock valued at $3,726,000 after acquiring an additional 2,951 shares during the period. Finally, Czech National Bank lifted its position in Digital Realty Trust by 7.5% during the fourth quarter. Czech National Bank now owns 67,400 shares of the real estate investment trust’s stock worth $11,952,000 after acquiring an additional 4,705 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLR. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.74.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was 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 accessible through this link. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Down 0.9 %

NYSE:DLR traded down $1.50 on Monday, reaching $171.84. 739,974 shares of the stock traded hands, compared to its average volume of 1,768,277. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 144.40, a price-to-earnings-growth ratio of 4.91 and a beta of 0.62. 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, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company’s 50 day moving average is $183.46 and its 200-day moving average is $166.04.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.84%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Digital Realty Trust Company Profile

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.