Everence Capital Management Inc. Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Everence Capital Management Inc. trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 23.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,730 shares of the real estate investment trust’s stock after selling 2,110 shares during the quarter. Everence Capital Management Inc.’s holdings in Digital Realty Trust were worth $906,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Desjardins Global Asset Management Inc. increased its position in shares of Digital Realty Trust by 23.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 985 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 187 shares in the last quarter. SVB Wealth LLC boosted its stake in Digital Realty Trust by 1.0% during the fourth quarter. SVB Wealth LLC now owns 10,760 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 106 shares during the last quarter. Syntax Research Inc. boosted its stake in Digital Realty Trust by 0.8% during the fourth quarter. Syntax Research Inc. now owns 16,180 shares of the real estate investment trust’s stock worth $2,177,000 after buying an additional 130 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Digital Realty Trust during the fourth quarter worth $1,779,000. Finally, Phocas Financial Corp. acquired a new position in Digital Realty Trust during the fourth quarter worth $448,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DLR shares. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Truist Financial upped their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. Finally, Citigroup upped their price target on 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Trading Down 0.5 %

DLR opened at $135.75 on Thursday. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The company has a market cap of $42.39 billion, a P/E ratio of 45.71, a PEG ratio of 3.38 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day simple moving average is $142.50 and its 200-day simple moving average is $135.76.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. Digital Realty Trust’s payout ratio is currently 164.31%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now owns 8,413 shares in the company, 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. 0.39% of the stock is currently owned by company insiders.

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.