Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,424 shares of the real estate investment trust’s stock after selling 3,387 shares during the quarter. Patton Fund Management Inc.’s holdings in Digital Realty Trust were worth $3,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC raised its holdings in Digital Realty Trust by 1.4% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 38,810 shares of the real estate investment trust’s stock valued at $6,925,000 after buying an additional 547 shares during the period. BSW Wealth Partners grew its stake in shares of Digital Realty Trust by 8.7% during the fourth quarter. BSW Wealth Partners now owns 1,393 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 112 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $214,000. BankPlus Wealth Management LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $475,000. Finally, Nilsine Partners LLC lifted its position in shares of Digital Realty Trust by 10.8% during the fourth quarter. Nilsine Partners LLC now owns 1,790 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 174 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 1.5 %

Shares of Digital Realty Trust stock opened at $162.19 on Wednesday. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50 day simple moving average is $182.49 and its 200 day simple moving average is $167.98. The firm has a market cap of $53.80 billion, a PE ratio of 136.29, a P/E/G ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by insiders.

About Digital Realty Trust

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.