Checchi Capital Advisers LLC Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Checchi Capital Advisers LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,490 shares of the real estate investment trust’s stock after selling 207 shares during the period. Checchi Capital Advisers LLC’s holdings in Digital Realty Trust were worth $796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service lifted its holdings in Digital Realty Trust by 88.8% in the 4th quarter. National Pension Service now owns 788,426 shares of the real estate investment trust’s stock valued at $139,812,000 after purchasing an additional 370,835 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Digital Realty Trust by 188.9% during the 4th quarter. Denali Advisors LLC now owns 14,185 shares of the real estate investment trust’s stock valued at $2,516,000 after acquiring an additional 9,275 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Digital Realty Trust by 2.9% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,799 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 107 shares during the last quarter. Longbow Finance SA increased its stake in shares of Digital Realty Trust by 5.0% during the 4th quarter. Longbow Finance SA now owns 11,663 shares of the real estate investment trust’s stock valued at $2,068,000 after acquiring an additional 552 shares during the last quarter. Finally, Todd Asset Management LLC increased its stake in shares of Digital Realty Trust by 68.9% during the 4th quarter. Todd Asset Management LLC now owns 88,505 shares of the real estate investment trust’s stock valued at $15,695,000 after acquiring an additional 36,090 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DLR shares. Wells Fargo & Company dropped their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Up 0.6 %

Shares of NYSE:DLR opened at $159.16 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a 50 day moving average of $172.10 and a two-hundred day moving average of $169.78. The company has a market capitalization of $52.80 billion, a price-to-earnings ratio of 98.25, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 301.23%.

About Digital Realty Trust

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.