Gilman Hill Asset Management LLC Sells 280 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Gilman Hill Asset Management LLC decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,804 shares of the real estate investment trust’s stock after selling 280 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Digital Realty Trust were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in Digital Realty Trust by 49.9% during the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock valued at $1,054,000 after purchasing an additional 2,307 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $9,105,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Digital Realty Trust by 27.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,797 shares of the real estate investment trust’s stock valued at $2,706,000 after buying an additional 3,816 shares in the last quarter. Blair William & Co. IL lifted its position in Digital Realty Trust by 9.6% in the 2nd quarter. Blair William & Co. IL now owns 23,253 shares of the real estate investment trust’s stock worth $3,536,000 after buying an additional 2,032 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in Digital Realty Trust by 14.2% in the second quarter. Ieq Capital LLC now owns 12,248 shares of the real estate investment trust’s stock worth $1,862,000 after buying an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $178.54 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $59.22 billion, a PE ratio of 150.03, a P/E/G ratio of 4.35 and a beta of 0.64. The business has a 50 day moving average of $183.19 and a 200 day moving average of $166.79. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during 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%. Digital Realty Trust’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.73%. Digital Realty Trust’s payout ratio is currently 410.08%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DLR. Truist Financial boosted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Raymond James raised their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.32.

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.