Guggenheim Capital LLC Sells 122,191 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Guggenheim Capital LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 66.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,913 shares of the real estate investment trust’s stock after selling 122,191 shares during the period. Guggenheim Capital LLC’s holdings in Digital Realty Trust were worth $10,802,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc grew its position 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 buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. Truist Financial dropped their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Mizuho reduced their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

Digital Realty Trust Trading Up 1.6 %

NYSE:DLR opened at $148.53 on Thursday. The company has a market capitalization of $50.02 billion, a P/E ratio of 91.69, a PEG ratio of 4.38 and a beta of 0.92. 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 12 month low of $129.95 and a 12 month high of $198.00. The firm has a fifty day simple moving average of $151.91 and a 200-day simple moving average of $167.93.

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, 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%. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

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.