Cyndeo Wealth Partners LLC Sells 41,846 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Cyndeo Wealth Partners LLC decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 88.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,353 shares of the real estate investment trust's stock after selling 41,846 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Digital Realty Trust were worth $767,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after acquiring an additional 469,823 shares in the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $3,858,428,000. Geode Capital Management LLC boosted its position in shares of Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock valued at $1,508,612,000 after acquiring an additional 281,704 shares in the last quarter. Northern Trust Corp boosted its position in shares of Digital Realty Trust by 57.5% during the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after acquiring an additional 1,854,748 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Digital Realty Trust by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after acquiring an additional 492,692 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Up 0.3%

Shares of DLR traded up $0.47 on Thursday, reaching $176.53. 1,468,770 shares of the company's stock were exchanged, compared to its average volume of 1,999,229. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $59.45 billion, a P/E ratio of 164.98, a price-to-earnings-growth ratio of 2.69 and a beta of 0.95. The business has a 50 day moving average price of $165.68 and a two-hundred day moving average price of $165.57. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. Digital Realty Trust's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is presently 456.07%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent research reports. Citigroup decreased their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Jefferies Financial Group restated a "buy" rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Mizuho boosted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.76.

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.