High Note Wealth LLC Sells 121 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

High Note Wealth LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 6,969 shares of the real estate investment trust’s stock after selling 121 shares during the quarter. High Note Wealth LLC’s holdings in Digital Realty Trust were worth $938,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Operose Advisors LLC bought a new stake in Digital Realty Trust during the 3rd quarter valued at about $27,000. Carolinas Wealth Consulting LLC increased its stake in Digital Realty Trust by 156.1% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 167 shares in the last quarter. Clear Street Markets LLC increased its stake in Digital Realty Trust by 28,900.0% during the 4th quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 289 shares in the last quarter. Baldwin Brothers LLC MA grew its stake in shares of Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 185 shares during the period. Finally, ZRC Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $33,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. HSBC assumed coverage on shares of Digital Realty Trust in a research note on Friday, December 1st. They issued a “reduce” rating and a $112.00 price target for the company. Citigroup lifted their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. Truist Financial lifted their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Raymond James lifted their price target on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.47.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the sale, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Up 3.4 %

Shares of DLR opened at $143.74 on Thursday. The company’s fifty day moving average is $142.49 and its 200 day moving average is $134.00. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18. The stock has a market capitalization of $44.89 billion, a PE ratio of 48.40, a P/E/G ratio of 3.16 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Digital Realty Trust Company Profile

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.