Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 69.0% during the 4th quarter, Holdings Channel reports. The firm owned 10,965 shares of the real estate investment trust’s stock after selling 24,361 shares during the period. Cinctive Capital Management LP’s holdings in Digital Realty Trust were worth $1,944,000 at the end of the most recent reporting period.

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

Digital Realty Trust Trading Up 1.9 %

NYSE DLR opened at $148.89 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The firm’s fifty day simple moving average is $157.98 and its 200-day simple moving average is $169.56. The company has a market capitalization of $50.12 billion, a PE ratio of 91.91, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.28%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial cut their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust 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.