Wesbanco Bank Inc. Lowers Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Wesbanco Bank Inc. reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,819 shares of the real estate investment trust’s stock after selling 2,051 shares during the quarter. Wesbanco Bank Inc.’s holdings in Digital Realty Trust were worth $8,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Digital Realty Trust by 501.7% in the 3rd 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 valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $132,980,000. Electron Capital Partners LLC boosted its stake in shares of Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after buying an additional 716,816 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $76,025,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $182.40 on Thursday. The firm has a market capitalization of $60.50 billion, a P/E ratio of 153.28, a PEG ratio of 4.61 and a beta of 0.64. The stock has a fifty day moving average price of $183.16 and a 200 day moving average price of $167.31. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm posted $1.62 EPS. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Ratings Changes

A number of analysts recently weighed in on DLR shares. Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Raymond James lifted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.32.

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.