Waterfront Capital Partners LLC Sells 66,145 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Waterfront Capital Partners LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 29.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,097 shares of the real estate investment trust's stock after selling 66,145 shares during the quarter. Digital Realty Trust accounts for about 5.1% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 3rd largest holding. Waterfront Capital Partners LLC's holdings in Digital Realty Trust were worth $27,681,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter worth about $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC bought a new stake in Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc increased its stake in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $37,000. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on DLR. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research note on Friday. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $183.05.

Digital Realty Trust Trading Down 0.3 %

Shares of NYSE DLR traded down $0.51 during midday trading on Wednesday, hitting $159.36. The stock had a trading volume of 553,081 shares, compared to its average volume of 2,042,617. 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 fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a market cap of $53.66 billion, a P/E ratio of 98.37, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company's 50-day simple moving average is $149.68 and its 200 day simple moving average is $167.66.

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 (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio is currently 456.07%.

About Digital Realty Trust

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.