Beck Bode LLC Sells 1,693 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Beck Bode LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,719 shares of the real estate investment trust's stock after selling 1,693 shares during the quarter. Digital Realty Trust accounts for approximately 1.4% of Beck Bode LLC's portfolio, making the stock its 26th largest position. Beck Bode LLC's holdings in Digital Realty Trust were worth $7,398,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLR. Wilmington Savings Fund Society FSB acquired a new position in shares of Digital Realty Trust during the third quarter valued at about $657,000. Synovus Financial Corp boosted its stake in Digital Realty Trust by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust's stock valued at $1,057,000 after purchasing an additional 421 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Digital Realty Trust by 13.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust's stock worth $559,000 after purchasing an additional 424 shares during the last quarter. 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, GAMMA Investing LLC lifted its holdings in shares of Digital Realty Trust by 9.5% in the fourth quarter. GAMMA Investing LLC now owns 8,113 shares of the real estate investment trust's stock valued at $1,439,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho dropped their price objective on 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. Citigroup cut their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reduced their price objective 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. Scotiabank dropped their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $183.05.

Digital Realty Trust Price Performance

NYSE DLR traded up $0.28 during trading hours on Tuesday, hitting $166.92. The company had a trading volume of 1,601,753 shares, compared to its average volume of 2,039,729. 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 firm has a market capitalization of $56.21 billion, a price-to-earnings ratio of 103.04, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The firm has a 50 day simple moving average of $150.12 and a 200 day simple moving average of $167.71.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Digital Realty Trust's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.67 earnings per share. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 2.92%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

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.