Zweig DiMenna Associates LLC Sells 31,614 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Zweig DiMenna Associates LLC reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,886 shares of the real estate investment trust's stock after selling 31,614 shares during the quarter. Zweig DiMenna Associates LLC's holdings in Digital Realty Trust were worth $2,273,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Baldwin Brothers LLC MA increased its holdings in shares of Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 185 shares during the period. Operose Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter worth about $27,000. ZRC Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth about $33,000. Arlington Trust Co LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at about $35,000. Finally, CVA Family Office LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at about $36,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Scotiabank cut shares of Digital Realty Trust from a "sector outperform" rating to a "sector perform" rating and set a $157.00 target price on the stock. in a research note on Friday, February 16th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Royal Bank of Canada reissued an "outperform" rating and set a $144.00 target price on shares of Digital Realty Trust in a research note on Friday, February 16th. Barclays raised their price objective on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an "underweight" rating in a research report on Tuesday, March 5th. Finally, StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust has a consensus rating of "Hold" and a consensus target price of $142.00.

Digital Realty Trust Trading Up 1.9 %

Shares of DLR traded up $2.72 during midday trading on Friday, hitting $142.60. The stock had a trading volume of 1,139,467 shares, compared to its average volume of 1,827,808. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18. The business has a 50-day simple moving average of $143.01 and a two-hundred day simple moving average of $134.75. The firm has a market cap of $44.53 billion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 3.24 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust's payout ratio is 164.31%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.