Vert Asset Management LLC Has $22.62 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Vert Asset Management LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,560 shares of the real estate investment trust’s stock after acquiring an additional 282 shares during the quarter. Digital Realty Trust comprises about 7.7% of Vert Asset Management LLC’s portfolio, making the stock its 2nd largest position. Vert Asset Management LLC’s holdings in Digital Realty Trust were worth $22,620,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Adirondack Trust Co. increased its stake in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Digital Realty Trust during the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $42,000. Institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $164.46 on Tuesday. The firm has a market capitalization of $54.55 billion, a P/E ratio of 138.20, a PEG ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. 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 50 day moving average price of $183.37 and a 200 day moving average price of $167.90.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.97%. Digital Realty Trust’s payout ratio is currently 410.08%.

Analyst Upgrades and Downgrades

DLR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Stifel Nicolaus raised their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, Scotiabank upped their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $180.95.

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.