Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 41,081 shares of the real estate investment trust’s stock after selling 215 shares during the period. Digital Realty Trust makes up approximately 0.9% of Romano Brothers AND Company’s holdings, making the stock its 25th largest holding. Romano Brothers AND Company’s holdings in Digital Realty Trust were worth $7,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in shares of Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd increased its stake in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after buying an additional 31,430 shares during the period. Capital Investment Advisors LLC lifted its holdings in Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after buying an additional 11,405 shares in the last quarter. TCW Group Inc. grew its stake in shares of Digital Realty Trust by 161.0% during the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after acquiring an additional 31,272 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after purchasing an additional 147,689 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $178.54 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The business has a fifty day simple moving average of $183.19 and a 200-day simple moving average of $166.69. The stock has a market cap of $59.22 billion, a PE ratio of 150.03, a price-to-earnings-growth ratio of 4.35 and a beta of 0.64.

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

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI upped their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.32.

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.