High Note Wealth LLC Lowers Stake in Digital Realty Trust, Inc. (NYSE:DLR)

High Note Wealth LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,969 shares of the real estate investment trust’s stock after selling 121 shares during the quarter. High Note Wealth LLC’s holdings in Digital Realty Trust were worth $938,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Schechter Investment Advisors LLC raised its holdings in shares of Digital Realty Trust by 2.4% in the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock worth $450,000 after purchasing an additional 78 shares during the period. Carolinas Wealth Consulting LLC grew its stake in Digital Realty Trust by 19.8% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 545 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 90 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Digital Realty Trust by 15.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 691 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 92 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Digital Realty Trust by 1.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 97 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in Digital Realty Trust by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock valued at $2,164,000 after purchasing an additional 99 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on DLR. Raymond James lifted their target price on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Evercore ISI reissued an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a report on Wednesday. Truist Financial raised their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. KeyCorp began coverage on Digital Realty Trust in a report on Wednesday, December 6th. They issued a “sector weight” rating on the stock. Finally, StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.47.

Digital Realty Trust Stock Up 3.4 %

DLR stock opened at $143.74 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a 50-day moving average of $142.49 and a two-hundred day moving average of $134.00. The stock has a market capitalization of $44.89 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 3.16 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Activity

In other 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 transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by company insiders.

Digital Realty Trust Profile

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.