Telos Capital Management Inc. Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Telos Capital Management Inc. lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,647 shares of the real estate investment trust’s stock after selling 77 shares during the period. Telos Capital Management Inc.’s holdings in Digital Realty Trust were worth $1,164,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Operose Advisors LLC purchased a new stake in Digital Realty Trust in the 3rd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC boosted its position in Digital Realty Trust by 156.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 167 shares in the last quarter. Clear Street Markets LLC boosted its position in Digital Realty Trust by 28,900.0% in the 4th quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 289 shares in the last quarter. Baldwin Brothers LLC MA lifted its position in shares of Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $144.00 target price on shares of Digital Realty Trust in a research report on Friday, February 16th. Finally, Evercore ISI reiterated an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.33.

Digital Realty Trust Stock Down 0.5 %

Shares of DLR opened at $135.75 on Thursday. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a market capitalization of $42.39 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 3.38 and a beta of 0.54. The stock has a fifty day simple moving average of $142.50 and a two-hundred day simple moving average of $135.76. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 164.31%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.