Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,942 shares of the real estate investment trust’s stock after selling 425 shares during the period. Heritage Investors Management Corp’s holdings in Digital Realty Trust were worth $665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Operose Advisors LLC purchased a new position in Digital Realty Trust during the third quarter valued at $27,000. Baldwin Brothers LLC MA boosted its holdings in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Bfsg LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth about $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Raymond James boosted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Evercore ISI reiterated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective for the company. in a research note on Friday, February 16th. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Finally, Truist Financial raised their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $142.65.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Up 2.3 %

Digital Realty Trust stock traded up $3.29 during trading on Thursday, hitting $143.54. The company had a trading volume of 10,646,626 shares, compared to its average volume of 2,109,664. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The company’s 50 day simple moving average is $142.46 and its 200-day simple moving average is $137.94. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The stock has a market cap of $44.84 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 3.34 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.40%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

About Digital Realty Trust

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.