KBC Group NV Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

KBC Group NV reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 71.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,835 shares of the real estate investment trust’s stock after selling 199,086 shares during the period. KBC Group NV’s holdings in Digital Realty Trust were worth $14,334,000 at the end of the most recent quarter.

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

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $162.12 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The stock has a market capitalization of $53.78 billion, a P/E ratio of 136.23, a P/E/G ratio of 4.64 and a beta of 0.64. The company’s 50-day moving average is $182.49 and its 200 day moving average is $167.98. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend 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%.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Truist Financial lifted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.95.

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.