Twin Capital Management Inc. Sells 4,216 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Twin Capital Management Inc. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 25.2% during the 4th quarter, HoldingsChannel reports. The firm owned 12,498 shares of the real estate investment trust’s stock after selling 4,216 shares during the period. Twin Capital Management Inc.’s holdings in Digital Realty Trust were worth $2,216,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their price target on 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. Mizuho reduced their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust Trading Down 2.6 %

NYSE DLR opened at $137.45 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company has a 50-day simple moving average of $156.26 and a 200-day simple moving average of $169.36. The firm has a market capitalization of $46.27 billion, a PE ratio of 84.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a one year low of $133.20 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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 net margin of 10.85% and a return on equity of 2.97%. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. Digital Realty Trust’s dividend payout ratio is presently 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.