UMB Bank n.a. Lowers Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

UMB Bank n.a. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 28,102 shares of the real estate investment trust’s stock after selling 1,243 shares during the quarter. UMB Bank n.a.’s holdings in Digital Realty Trust were worth $4,983,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DLR. Renaissance Technologies LLC acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $9,105,000. Mercer Global Advisors Inc. ADV raised its stake in shares of Digital Realty Trust by 27.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,797 shares of the real estate investment trust’s stock valued at $2,706,000 after acquiring an additional 3,816 shares in the last quarter. Blair William & Co. IL boosted its holdings in Digital Realty Trust by 9.6% in the second quarter. Blair William & Co. IL now owns 23,253 shares of the real estate investment trust’s stock valued at $3,536,000 after purchasing an additional 2,032 shares during the period. Ieq Capital LLC grew its stake in Digital Realty Trust by 14.2% during the 2nd quarter. Ieq Capital LLC now owns 12,248 shares of the real estate investment trust’s stock worth $1,862,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Digital Realty Trust by 45.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 340 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of analyst reports. Raymond James boosted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.32.

Digital Realty Trust Stock Down 0.9 %

Shares of NYSE:DLR opened at $178.54 on Tuesday. The company has a market cap of $59.22 billion, a price-to-earnings ratio of 150.03, a PEG ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The firm’s 50-day simple moving average is $183.19 and its 200-day simple moving average is $166.90. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

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

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

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.