Pflug Koory LLC Trims Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Pflug Koory LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 44.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,105 shares of the real estate investment trust’s stock after selling 2,445 shares during the period. Pflug Koory LLC’s holdings in Digital Realty Trust were worth $551,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc boosted its stake in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust in the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust in the 4th quarter valued at approximately $42,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $180.56 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The company’s 50-day simple moving average is $183.35 and its 200-day simple moving average is $167.53. The stock has a market capitalization of $59.89 billion, a price-to-earnings ratio of 151.73, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $1.62 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Evercore ISI upped their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. Truist Financial increased their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.89.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.