Arkadios Wealth Advisors Decreases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Arkadios Wealth Advisors reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,619 shares of the real estate investment trust’s stock after selling 174 shares during the quarter. Arkadios Wealth Advisors’ holdings in Digital Realty Trust were worth $642,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its stake in Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after acquiring an additional 23,028 shares during the last quarter. Cumberland Partners Ltd lifted its stake in Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after purchasing an additional 31,430 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after purchasing an additional 11,405 shares during the period. TCW Group Inc. raised its stake in shares of Digital Realty Trust by 161.0% in the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after buying an additional 31,272 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its position in shares of Digital Realty Trust by 3,056.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 4,095 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of research reports. TD Cowen boosted their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays lifted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Royal Bank of Canada raised their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $177.32.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $183.56 on Wednesday. The business’s 50-day moving average price is $183.10 and its 200-day moving average price is $167.08. The firm has a market capitalization of $60.89 billion, a PE ratio of 154.25, a price-to-earnings-growth ratio of 4.48 and a beta of 0.64. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly 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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business posted $1.62 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.66%. Digital Realty Trust’s payout ratio is 410.08%.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

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.