Verity & Verity LLC Has $9.18 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Verity & Verity LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,580 shares of the real estate investment trust’s stock after selling 2,984 shares during the quarter. Verity & Verity LLC’s holdings in Digital Realty Trust were worth $9,183,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DLR. RB Capital Management LLC grew its position in Digital Realty Trust by 6.8% in the 1st quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 192 shares during the period. Prudential PLC acquired a new stake in Digital Realty Trust in the 1st quarter valued at $688,000. Cetera Investment Advisers lifted its stake in Digital Realty Trust by 31.2% during the 1st quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock valued at $2,909,000 after acquiring an additional 4,879 shares in the last quarter. Moors & Cabot Inc. bought a new position in Digital Realty Trust during the 1st quarter valued at $424,000. Finally, Candriam Luxembourg S.C.A. lifted its stake in Digital Realty Trust by 2.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock valued at $2,127,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, EVP Jeannie Lee sold 1,000 shares of Digital Realty Trust stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the executive vice president now owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Digital Realty Trust news, EVP Jeannie Lee sold 1,000 shares of Digital Realty Trust stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the executive vice president now owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dyer Corey sold 4,401 shares of Digital Realty Trust stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $104.19, for a total value of $458,540.19. Following the transaction, the executive vice president now directly owns 30,026 shares of the company’s stock, valued at approximately $3,128,408.94. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Digital Realty Trust Trading Down 2.3 %

Shares of DLR opened at $100.70 on Friday. The business has a 50-day moving average of $107.95 and a 200 day moving average of $105.86. Digital Realty Trust, Inc. has a fifty-two week low of $85.76 and a fifty-two week high of $153.50. The firm has a market cap of $29.32 billion, a P/E ratio of 88.33, a price-to-earnings-growth ratio of 2.46 and a beta of 0.52. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.50 and a current ratio of 0.50.

Digital Realty Trust (NYSE:DLR – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $1.68 by ($1.70). Digital Realty Trust had a return on equity of 2.46% and a net margin of 8.05%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 6.66 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Tuesday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 428.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DLR shares. StockNews.com started coverage on Digital Realty Trust in a research note on Thursday. They set a “sell” rating on the stock. Raymond James dropped their price objective on Digital Realty Trust from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 8th. Wells Fargo & Company cut Digital Realty Trust from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $120.00 to $115.00 in a research note on Wednesday, December 14th. Citigroup raised their price objective on Digital Realty Trust from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Finally, Barclays lowered their target price on Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating on the stock in a research note on Monday, December 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $123.54.

Digital Realty Trust Profile

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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.