Hutchens & Kramer Investment Management Group LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,079 shares of the real estate investment trust’s stock after selling 179 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Digital Realty Trust were worth $369,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC boosted its holdings in Digital Realty Trust by 1.6% in the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 59 shares during the last quarter. Trueblood Wealth Management LLC boosted its holdings in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 61 shares during the last quarter. Stolper Co boosted its holdings in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 64 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in Digital Realty Trust by 14.3% in the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 66 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Digital Realty Trust
In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.
Digital Realty Trust Stock Down 8.9 %
Digital Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.97%. Digital Realty Trust’s payout ratio is 410.08%.
Wall Street Analysts Forecast Growth
DLR has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen upped their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.95.
Read Our Latest Stock Analysis on Digital Realty Trust
About Digital Realty Trust
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.
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