SteelPeak Wealth LLC Cuts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

SteelPeak Wealth LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 76.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,496 shares of the real estate investment trust’s stock after selling 8,071 shares during the quarter. SteelPeak Wealth LLC’s holdings in Digital Realty Trust were worth $446,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of Digital Realty Trust by 16.1% in the second quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock worth $2,245,000 after acquiring an additional 2,047 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Digital Realty Trust by 23.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,416 shares of the real estate investment trust’s stock worth $2,344,000 after buying an additional 2,963 shares in the last quarter. Regal Investment Advisors LLC raised its position in shares of Digital Realty Trust by 4.5% in the second quarter. Regal Investment Advisors LLC now owns 1,921 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 83 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Digital Realty Trust by 2.3% in the second quarter. Cetera Investment Advisers now owns 32,379 shares of the real estate investment trust’s stock worth $4,923,000 after buying an additional 714 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Digital Realty Trust during the second quarter worth about $48,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays lifted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. JMP Securities initiated coverage on shares of Digital Realty Trust in a report on Monday. They issued an “outperform” rating and a $220.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $180.95.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $164.28 on Friday. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 138.05, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $182.02 and a 200 day moving average of $167.93. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Digital Realty Trust Profile

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.