Forsta AP Fonden Has $12.08 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Forsta AP Fonden reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,100 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Forsta AP Fonden’s holdings in Digital Realty Trust were worth $12,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Adirondack Trust Co. grew its stake in shares of 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc grew its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust in the third quarter valued at about $38,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at about $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $162.12 on Thursday. The company has a market cap of $53.78 billion, a price-to-earnings ratio of 136.23, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $182.49 and a 200-day moving average of $167.98.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

Several research firms recently weighed in on DLR. Raymond James upped their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of 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. Finally, JMP Securities initiated coverage on shares of Digital Realty Trust in a report on Monday. They issued an “outperform” rating and a $220.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.