Digital Realty Trust, Inc. (NYSE:DLR) Position Lessened by Umpqua Bank

Umpqua Bank reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 19.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,635 shares of the real estate investment trust’s stock after selling 400 shares during the period. Umpqua Bank’s holdings in Digital Realty Trust were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at about $35,000. Fairway Wealth LLC bought a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Versant Capital Management Inc increased its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $37,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Down 0.4 %

NYSE:DLR opened at $150.76 on Friday. The stock has a fifty day simple moving average of $162.82 and a 200 day simple moving average of $169.91. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $50.75 billion, a price-to-earnings ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00.

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

Digital Realty Trust Dividend Announcement

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 issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. Digital Realty Trust’s dividend payout ratio is 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.