Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 58.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,707 shares of the real estate investment trust’s stock after selling 7,895 shares during the period. Sigma Planning Corp’s holdings in Digital Realty Trust were worth $768,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Digital Realty Trust by 2.1% in the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the last quarter. FMR LLC boosted its position in Digital Realty Trust by 4.8% during the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after acquiring an additional 394,682 shares during the last quarter. Morgan Stanley boosted its position in Digital Realty Trust by 6.8% during the third quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock worth $535,658,000 after acquiring an additional 282,825 shares during the last quarter. Northern Trust Corp boosted its position in Digital Realty Trust by 4.3% during the third quarter. Northern Trust Corp now owns 3,887,691 shares of the real estate investment trust’s stock worth $470,488,000 after acquiring an additional 160,730 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Digital Realty Trust by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,151,172 shares of the real estate investment trust’s stock worth $381,355,000 after acquiring an additional 180,869 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’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 transaction, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research note on Friday, February 16th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $143.33.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $138.51 on Wednesday. The company’s fifty day simple moving average is $141.85 and its 200-day simple moving average is $136.45. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market cap of $43.26 billion, a PE ratio of 46.64, a P/E/G ratio of 3.09 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Digital Realty Trust 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.