Highline Wealth Partners LLC Trims Position in Digital Realty Trust, Inc. (NYSE:DLR)

Highline Wealth Partners LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,761 shares of the real estate investment trust’s stock after selling 188 shares during the period. Digital Realty Trust comprises 1.3% of Highline Wealth Partners LLC’s portfolio, making the stock its 24th biggest holding. Highline Wealth Partners LLC’s holdings in Digital Realty Trust were worth $3,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC lifted its holdings in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after purchasing an additional 1,773,591 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $132,980,000. Finally, Wulff Hansen & CO. lifted its stake in shares of Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after buying an additional 790,596 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 2.7 %

Shares of DLR traded down $4.82 during mid-day trading on Friday, reaching $176.05. The stock had a trading volume of 973,164 shares, compared to its average volume of 1,631,981. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 147.94, a P/E/G ratio of 4.97 and a beta of 0.64. The business’s fifty day moving average is $183.52 and its 200 day moving average is $165.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DLR shares. Jefferies Financial Group raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

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.