Forsta AP Fonden Lowers Position in Digital Realty Trust, Inc. (NYSE:DLR)

Forsta AP Fonden decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,100 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Forsta AP Fonden’s holdings in Digital Realty Trust were worth $12,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Mackenzie Financial Corp raised its position in Digital Realty Trust by 1.3% during the second quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock valued at $4,393,000 after purchasing an additional 367 shares during the period. NewEdge Advisors LLC raised its position in Digital Realty Trust by 16.1% during the second quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock valued at $2,245,000 after purchasing an additional 2,047 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $2,344,000 after purchasing an additional 2,963 shares during the period. Regal Investment Advisors LLC raised its position in Digital Realty Trust by 4.5% during 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 purchasing an additional 83 shares during the period. Finally, Cetera Investment Advisers raised its position in Digital Realty Trust by 2.3% during the second quarter. Cetera Investment Advisers now owns 32,379 shares of the real estate investment trust’s stock valued at $4,923,000 after purchasing an additional 714 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $162.12 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The firm’s fifty day simple moving average is $182.49 and its 200 day simple moving average is $167.98. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $53.78 billion, a PE ratio of 136.23, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Scotiabank increased their target price on Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.95.

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.