Atlantic Union Bankshares Corp Sells 440 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Atlantic Union Bankshares Corp cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 10,067 shares of the real estate investment trust’s stock after selling 440 shares during the period. Atlantic Union Bankshares Corp’s holdings in Digital Realty Trust were worth $1,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its holdings in Digital Realty Trust by 2.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after purchasing an additional 117,461 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Digital Realty Trust by 501.7% during 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 in the last quarter. Principal Financial Group Inc. raised its stake in shares of Digital Realty Trust by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after acquiring an additional 79,322 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Digital Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after acquiring an additional 122,090 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Digital Realty Trust by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after acquiring an additional 40,491 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Truist Financial upped their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.00.

Digital Realty Trust Stock Up 0.5 %

Shares of NYSE:DLR opened at $149.13 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a 50 day moving average price of $168.64 and a two-hundred day moving average price of $170.01. The company has a market capitalization of $50.20 billion, a PE ratio of 92.06, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.27%. Digital Realty Trust’s payout ratio is 301.23%.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

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.