Sequoia Financial Advisors LLC Cuts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Sequoia Financial Advisors LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 71.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,642 shares of the real estate investment trust's stock after selling 31,641 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Digital Realty Trust were worth $1,701,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Baldwin Brothers LLC MA boosted its position 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 valued at $30,000 after purchasing an additional 185 shares during the period. Operose Advisors LLC purchased a new position in Digital Realty Trust during the third quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $32,000. ZRC Wealth Management LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at $33,000. Finally, Arlington Trust Co LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter worth $35,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.39% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR traded down $0.74 on Friday, hitting $142.49. 1,315,443 shares of the stock were exchanged, compared to its average volume of 1,626,146. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The business's fifty day moving average is $142.96 and its 200 day moving average is $135.38. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a market capitalization of $44.50 billion, a PE ratio of 47.98, a P/E/G ratio of 3.25 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given 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 presently 164.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DLR shares. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, February 20th. Truist Financial boosted their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Stifel Nicolaus lifted their price target on Digital Realty Trust from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Morgan Stanley lifted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Finally, Barclays lifted their price target on Digital Realty Trust from $110.00 to $119.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $143.33.

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.