Westwood Holdings Group Inc. Sells 32,000 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Westwood Holdings Group Inc. decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 92.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,500 shares of the real estate investment trust's stock after selling 32,000 shares during the period. Westwood Holdings Group Inc.'s holdings in Digital Realty Trust were worth $443,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Triglav Skladi D.O.O. purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $2,660,000. Tabor Asset Management LP increased its stake in shares of Digital Realty Trust by 14.1% in the fourth quarter. Tabor Asset Management LP now owns 25,483 shares of the real estate investment trust's stock worth $4,519,000 after purchasing an additional 3,146 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Digital Realty Trust by 11.7% in the fourth quarter. Tidal Investments LLC now owns 7,477 shares of the real estate investment trust's stock worth $1,326,000 after purchasing an additional 785 shares in the last quarter. Texas Bank & Trust Co purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $613,000. Finally, Strategic Wealth Partners Ltd. increased its stake in shares of Digital Realty Trust by 70.9% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 34,471 shares of the real estate investment trust's stock worth $5,681,000 after purchasing an additional 14,304 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR stock traded up $3.56 during midday trading on Tuesday, reaching $171.68. The company had a trading volume of 315,372 shares, compared to its average volume of 2,316,349. The firm has a 50-day moving average price of $154.84 and a 200-day moving average price of $166.86. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a market capitalization of $57.82 billion, a P/E ratio of 105.97, a P/E/G ratio of 4.38 and a beta of 0.93.

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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.67 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.84%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company reduced their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Mizuho reduced their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Bank of America started coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Finally, Citigroup reduced their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $185.10.

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.