Snowden Capital Advisors LLC Sells 14,939 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Snowden Capital Advisors LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,745 shares of the real estate investment trust's stock after selling 14,939 shares during the quarter. Snowden Capital Advisors LLC's holdings in Digital Realty Trust were worth $2,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC raised its position in Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after purchasing an additional 64 shares during the period. Catalina Capital Group LLC grew its stake in Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 72 shares in the last quarter. Colonial Trust Co SC lifted its stake in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 72 shares during the period. Sound Income Strategies LLC lifted its holdings in Digital Realty Trust by 25.9% during the fourth quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after buying an additional 73 shares during the period. Finally, Legacy Financial Advisors Inc. boosted its position in Digital Realty Trust by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 1.6%

Digital Realty Trust stock traded down $2.80 during midday trading on Wednesday, reaching $167.33. The stock had a trading volume of 1,131,071 shares, compared to its average volume of 1,976,128. The firm has a market cap of $56.36 billion, a price-to-earnings ratio of 103.29, a PEG ratio of 4.38 and a beta of 0.93. The firm's fifty day simple moving average is $153.40 and its two-hundred day simple moving average is $167.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 2.92%. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

Analysts Set New Price Targets

A number of research firms recently commented on DLR. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Mizuho lowered their price target 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. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Barclays reduced their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

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.