Curated Wealth Partners LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 82.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 57,508 shares of the real estate investment trust’s stock after selling 272,425 shares during the quarter. Digital Realty Trust accounts for approximately 0.8% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 16th largest holding. Curated Wealth Partners LLC’s holdings in Digital Realty Trust were worth $10,094,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. InvesTrust purchased a new position in Digital Realty Trust during the third quarter valued at $159,000. Fort Washington Investment Advisors Inc. OH bought a new position in Digital Realty Trust in the 3rd quarter valued at approximately $5,950,000. Ashurst Perkins Coie Trust Co bought a new position in shares of Digital Realty Trust during the third quarter valued at $31,000. Mather Group LLC. boosted its position in shares of Digital Realty Trust by 573.2% during the third quarter. Mather Group LLC. now owns 26,248 shares of the real estate investment trust’s stock valued at $4,607,000 after buying an additional 22,349 shares during the last quarter. Finally, First Pacific Financial raised its position in Digital Realty Trust by 72.5% in the 3rd quarter. First Pacific Financial now owns 464 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Trading Up 0.3%
DLR stock traded up $0.58 during midday trading on Thursday, reaching $172.67. 926,624 shares of the company traded hands, compared to its average volume of 2,310,171. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average of $185.78 and a 200-day moving average of $187.24. The firm has a market capitalization of $64.06 billion, a price-to-earnings ratio of 83.70, a P/E/G ratio of 3.41 and a beta of 0.99.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.22 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s payout ratio is presently 236.89%.
Insiders Place Their Bets
In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Cantor Fitzgerald lifted their target price on shares of Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $229.00 price target on shares of Digital Realty Trust in a research report on Monday, July 27th. TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. Finally, Barclays upped their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $219.69.
View Our Latest Research Report on Digital Realty Trust
Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.
Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.
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