Trust Co. of Toledo NA OH Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Trust Co. of Toledo NA OH decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,390 shares of the real estate investment trust’s stock after selling 73 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Digital Realty Trust were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DLR. Clear Creek Financial Management LLC boosted its holdings in Digital Realty Trust by 1.6% in the 3rd 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 grew its position 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 worth $305,000 after acquiring an additional 59 shares during the period. Trueblood Wealth Management LLC increased its stake in Digital Realty Trust by 3.1% during the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares during the last quarter. GHP Investment Advisors Inc. raised its position 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 period. Finally, TD Private Client Wealth LLC lifted its stake in shares of Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR traded down $1.94 during trading on Monday, reaching $171.40. The company’s stock had a trading volume of 329,048 shares, compared to its average volume of 1,705,068. The business’s fifty day moving average price is $183.46 and its 200-day moving average price is $166.04. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $56.86 billion, a price-to-earnings ratio of 144.03, a P/E/G ratio of 4.91 and a beta of 0.62.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.85%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Transactions 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 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DLR. Scotiabank lifted their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Raymond James upped their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Finally, TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.74.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.