Bogart Wealth LLC Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Bogart Wealth LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,306 shares of the real estate investment trust’s stock after selling 2,513 shares during the period. Bogart Wealth LLC’s holdings in Digital Realty Trust were worth $9,731,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Schechter Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 18.5% during the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 511 shares during the period. Lyell Wealth Management LP lifted its holdings in Digital Realty Trust by 12.0% during the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after buying an additional 5,197 shares in the last quarter. American Century Companies Inc. lifted its holdings in Digital Realty Trust by 2.8% during the 3rd quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock worth $87,209,000 after buying an additional 19,931 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Digital Realty Trust by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after buying an additional 85,262 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in Digital Realty Trust by 9.0% during the 4th quarter. Metis Global Partners LLC now owns 62,182 shares of the real estate investment trust’s stock worth $8,368,000 after buying an additional 5,157 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE DLR traded up $2.55 on Thursday, hitting $142.80. 1,688,263 shares of the company were exchanged, compared to its average volume of 2,005,440. The firm has a 50 day moving average of $142.51 and a two-hundred day moving average of $137.93. The company has a market cap of $44.61 billion, a P/E ratio of 38.94, a P/E/G ratio of 3.34 and a beta of 0.55. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.42%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Truist Financial raised their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $142.65.

Digital Realty Trust 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.