Novare Capital Management LLC Trims Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Novare Capital Management LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 75,124 shares of the real estate investment trust’s stock after selling 2,834 shares during the period. Digital Realty Trust comprises 1.1% of Novare Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Novare Capital Management LLC’s holdings in Digital Realty Trust were worth $13,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC lifted its stake 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 worth $621,000 after purchasing an additional 59 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC increased its holdings in shares of Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the period. Stolper Co raised its position in shares of Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after buying an additional 64 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in Digital Realty Trust by 14.3% during the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 66 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Down 1.6 %

Shares of DLR stock opened at $180.56 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $183.37 and a 200 day moving average of $167.71. The stock has a market capitalization of $59.89 billion, a PE ratio of 151.73, a P/E/G ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Scotiabank lifted their target price on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. 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 research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned 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.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $178.89.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.