Sentry Investment Management LLC Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Sentry Investment Management LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,586 shares of the real estate investment trust’s stock after selling 170 shares during the period. Sentry Investment Management LLC’s holdings in Digital Realty Trust were worth $213,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Baldwin Brothers LLC MA raised its stake in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 185 shares during the period. Operose Advisors LLC purchased a new position in Digital Realty Trust during the third quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $32,000. Tennessee Valley Asset Management Partners purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $32,000. Finally, ZRC Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $136.41 on Wednesday. The firm has a market cap of $42.60 billion, a P/E ratio of 45.93, a P/E/G ratio of 3.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The firm has a fifty day moving average of $142.69 and a two-hundred day moving average of $135.76.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 164.31%.

Analyst Ratings Changes

A number of brokerages have recently commented on DLR. Barclays raised their target price on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 target price on shares of Digital Realty Trust in a research note on Friday, February 16th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Citigroup raised their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $143.33.

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.