Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Cox Capital Mgt LLC

Cox Capital Mgt LLC decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,791 shares of the real estate investment trust’s stock after selling 6,729 shares during the period. Cox Capital Mgt LLC’s holdings in Digital Realty Trust were worth $1,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLR. Weatherly Asset Management L. P. increased its position in shares of Digital Realty Trust by 13.7% in the fourth quarter. Weatherly Asset Management L. P. now owns 27,151 shares of the real estate investment trust’s stock worth $2,755,000 after acquiring an additional 3,278 shares in the last quarter. UMB Bank n.a. increased its position in shares of Digital Realty Trust by 45.8% in the fourth quarter. UMB Bank n.a. now owns 23,668 shares of the real estate investment trust’s stock worth $2,373,000 after acquiring an additional 7,440 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $1,703,000. Signature Wealth Management Group increased its position in shares of Digital Realty Trust by 1.9% in the fourth quarter. Signature Wealth Management Group now owns 27,482 shares of the real estate investment trust’s stock worth $2,756,000 after acquiring an additional 503 shares in the last quarter. Finally, Gradient Investments LLC increased its position in shares of Digital Realty Trust by 25.9% in the fourth quarter. Gradient Investments LLC now owns 141,599 shares of the real estate investment trust’s stock worth $14,198,000 after acquiring an additional 29,141 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group dropped their price objective on shares of Digital Realty Trust from $81.00 to $80.00 and set an “underperform” rating for the company in a research report on Friday, February 17th. Raymond James lowered their price target on shares of Digital Realty Trust from $165.00 to $155.00 and set a “strong-buy” rating for the company in a report on Wednesday, February 8th. Barclays lowered their price target on shares of Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating for the company in a report on Monday, December 19th. Wells Fargo & Company lowered shares of Digital Realty Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $120.00 to $115.00 in a report on Wednesday, December 14th. Finally, Exane BNP Paribas began coverage on shares of Digital Realty Trust in a report on Wednesday, December 14th. They set a “neutral” rating and a $128.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $123.54.

Insider Transactions at Digital Realty Trust

In other news, EVP Dyer Corey sold 4,401 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $104.19, for a total value of $458,540.19. Following the transaction, the executive vice president now directly owns 30,026 shares in the company, valued at approximately $3,128,408.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jeannie Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the transaction, the executive vice president now directly owns 10,975 shares in the company, valued at approximately $1,262,125. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dyer Corey sold 4,401 shares of Digital Realty Trust stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $104.19, for a total transaction of $458,540.19. Following the completion of the sale, the executive vice president now owns 30,026 shares in the company, valued at $3,128,408.94. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Digital Realty Trust Stock Down 2.3 %

NYSE DLR traded down $2.39 during trading hours on Friday, reaching $100.70. 5,200,603 shares of the company traded hands, compared to its average volume of 2,055,281. Digital Realty Trust, Inc. has a 12 month low of $85.76 and a 12 month high of $153.50. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $29.32 billion, a PE ratio of 88.33, a PEG ratio of 2.52 and a beta of 0.52. The company has a 50 day moving average of $107.95 and a two-hundred day moving average of $105.99.

Digital Realty Trust (NYSE:DLR – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($1.70). Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company earned $1.67 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.66 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a $1.22 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.85%. Digital Realty Trust’s payout ratio is currently 428.07%.

Digital Realty Trust Company Profile

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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.