Nisa Investment Advisors LLC Has $25.04 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Nisa Investment Advisors LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,169 shares of the real estate investment trust’s stock after selling 5,444 shares during the period. Nisa Investment Advisors LLC’s holdings in Digital Realty Trust were worth $25,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adirondack Trust Co. grew its stake in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc boosted its position 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. Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust during the third quarter worth about $38,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust during the fourth quarter worth about $42,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

NYSE:DLR opened at $182.40 on Thursday. The firm has a market capitalization of $60.50 billion, a price-to-earnings ratio of 153.28, a P/E/G ratio of 4.48 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The stock’s 50 day moving average price is $183.16 and its two-hundred day moving average price is $167.31.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Jefferies Financial Group upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Truist Financial upped their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.32.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

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.