Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,599 shares of the real estate investment trust’s stock after selling 216 shares during the period. Sumitomo Life Insurance Co.’s holdings in Digital Realty Trust were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $132,980,000. Ghisallo Capital Management LLC acquired a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $76,025,000. Finally, Sycomore Asset Management acquired a new position in Digital Realty Trust during the third quarter worth $80,915,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the topic of several research analyst reports. Jefferies Financial Group boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Scotiabank boosted their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $180.95.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $162.12 on Thursday. The stock’s 50-day moving average is $182.49 and its two-hundred day moving average is $167.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The firm has a market cap of $53.78 billion, a price-to-earnings ratio of 136.23, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Digital Realty Trust Company 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.