Demars Financial Group LLC Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Demars Financial Group LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,706 shares of the real estate investment trust’s stock after selling 410 shares during the quarter. Demars Financial Group LLC’s holdings in Digital Realty Trust were worth $230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Duality Advisers LP purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $1,014,000. Cetera Trust Company N.A purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $306,000. Nikulski Financial Inc. purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $805,000. Handelsbanken Fonder AB grew its holdings in shares of Digital Realty Trust by 9.0% during the 4th quarter. Handelsbanken Fonder AB now owns 132,557 shares of the real estate investment trust’s stock worth $17,840,000 after purchasing an additional 10,924 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Digital Realty Trust by 2.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,954 shares of the real estate investment trust’s stock worth $13,048,000 after purchasing an additional 2,341 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DLR shares. Raymond James boosted their target price on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Barclays boosted their price target on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Evercore ISI reissued an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Finally, StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $143.33.

Digital Realty Trust Stock Performance

DLR traded up $0.83 during trading on Wednesday, reaching $139.36. 72,155 shares of the company were exchanged, compared to its average volume of 1,939,149. The stock has a market cap of $43.52 billion, a P/E ratio of 46.64, a PEG ratio of 3.09 and a beta of 0.54. The firm has a 50 day moving average of $141.85 and a 200 day moving average of $136.45. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. Digital Realty Trust’s payout ratio is currently 164.31%.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the 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 transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is owned by company insiders.

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.