Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lowered by Ninepoint Partners LP

Ninepoint Partners LP reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140 shares of the real estate investment trust’s stock after selling 76 shares during the quarter. Ninepoint Partners LP’s holdings in Digital Realty Trust were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLR. Operose Advisors LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Digital Realty Trust by 156.1% in the first quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 167 shares in the last quarter. Clear Street Markets LLC increased its position in shares of Digital Realty Trust by 28,900.0% in the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 289 shares in the last quarter. Baldwin Brothers LLC MA increased its position in shares of Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 185 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $32,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $0.30 during mid-day trading on Friday, reaching $136.96. The company’s stock had a trading volume of 599,939 shares, compared to its average volume of 1,965,619. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The company has a market cap of $42.77 billion, a P/E ratio of 46.01, a PEG ratio of 3.08 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 firm’s 50-day moving average is $142.29 and its two-hundred day moving average is $135.77.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 3.56%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is 164.31%.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction on 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 owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective for the company. in a research note on Friday, February 16th. Raymond James boosted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Truist Financial boosted their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Morgan Stanley upped their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.33.

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.