Schnieders Capital Management LLC Sells 75 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Schnieders Capital Management LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,694 shares of the real estate investment trust’s stock after selling 75 shares during the period. Schnieders Capital Management LLC’s holdings in Digital Realty Trust were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DLR. Cumberland Partners Ltd bought a new position in shares of Digital Realty Trust in the 4th quarter worth $1,871,000. GAMMA Investing LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $345,000. Parkside Financial Bank & Trust grew its stake in Digital Realty Trust by 28.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 970 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 212 shares during the last quarter. Duality Advisers LP purchased a new stake in Digital Realty Trust during the 4th quarter valued at about $1,014,000. Finally, Cetera Trust Company N.A purchased a new stake in Digital Realty Trust during the 4th quarter valued at about $306,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $2.08 during trading hours on Wednesday, reaching $140.61. The stock had a trading volume of 1,612,339 shares, compared to its average volume of 1,951,797. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18. The firm has a 50-day moving average of $141.85 and a 200-day moving average of $136.45. 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 firm has a market cap of $43.91 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 3.09 and a beta of 0.54.

Digital Realty Trust Announces Dividend

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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a research note on Friday, February 16th. Scotiabank downgraded Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a research note on Friday, February 16th. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Raymond James upped their target price on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Finally, Truist Financial upped their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $143.33.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

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.