Washington Trust Bank Sells 3,773 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Washington Trust Bank reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,429 shares of the real estate investment trust’s stock after selling 3,773 shares during the quarter. Washington Trust Bank’s holdings in Digital Realty Trust were worth $6,637,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Digital Realty Trust during the 4th quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at about $35,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its stake in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth about $37,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $150.76 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $162.82 and a 200-day simple moving average of $169.77. The stock has a market cap of $50.75 billion, a P/E ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s payout ratio is currently 301.23%.

Analysts Set New Price Targets

Several research firms have recently commented on DLR. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Barclays decreased their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $179.95.

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.