Kingsview Wealth Management LLC Sells 1,443 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Kingsview Wealth Management LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 37.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,414 shares of the real estate investment trust's stock after selling 1,443 shares during the quarter. Kingsview Wealth Management LLC's holdings in Digital Realty Trust were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DLR. Proficio Capital Partners LLC acquired a new position in Digital Realty Trust during the fourth quarter worth approximately $217,000. Intech Investment Management LLC acquired a new position in Digital Realty Trust during the fourth quarter worth approximately $300,000. Quantbot Technologies LP acquired a new position in Digital Realty Trust during the fourth quarter worth approximately $1,226,000. Virtu Financial LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $210,000. Finally, LPL Financial LLC grew its position in shares of Digital Realty Trust by 20.9% in the fourth quarter. LPL Financial LLC now owns 254,370 shares of the real estate investment trust's stock valued at $45,107,000 after purchasing an additional 44,001 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on DLR shares. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Raymond James Financial upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday. Scotiabank cut their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $188.53.

Digital Realty Trust Trading Down 1.2%

Digital Realty Trust stock traded down $2.16 during trading hours on Friday, reaching $177.86. 2,602,172 shares of the company's stock were exchanged, compared to its average volume of 1,482,118. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The firm's 50 day simple moving average is $173.62 and its 200 day simple moving average is $163.91. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market capitalization of $59.90 billion, a PE ratio of 46.68, a PEG ratio of 2.68 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.59% and a net margin of 23.98%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $1.65 EPS. Research analysts predict 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 was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio is presently 128.08%.

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.