Ferguson Wellman Capital Management Inc. Sells 309 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Ferguson Wellman Capital Management Inc. trimmed its position in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,846 shares of the real estate investment trust’s stock after selling 309 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Digital Realty Trust were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DLR. Norges Bank purchased a new stake in Digital Realty Trust in the fourth quarter worth about $442,477,000. BlackRock Inc. increased its position in Digital Realty Trust by 11.8% during the 2nd quarter. BlackRock Inc. now owns 30,815,132 shares of the real estate investment trust’s stock valued at $3,508,919,000 after buying an additional 3,245,264 shares in the last quarter. JPMorgan Chase & Co. grew its position in Digital Realty Trust by 74.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,324,758 shares of the real estate investment trust’s stock valued at $834,070,000 after purchasing an additional 3,118,791 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in Digital Realty Trust in the second quarter worth about $207,590,000. Finally, Resolution Capital Ltd increased its position in shares of Digital Realty Trust by 106.7% during the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock valued at $284,532,000 after acquiring an additional 1,213,526 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.6 %

DLR stock opened at $140.01 on Friday. The firm has a 50 day moving average of $142.32 and a 200 day moving average of $133.76. The stock has a market capitalization of $43.72 billion, a PE ratio of 47.14, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.49%. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insiders Place Their Bets

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the sale, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on DLR shares. Barclays increased their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. KeyCorp started coverage on shares of Digital Realty Trust in a research report on Wednesday, December 6th. They set a “sector weight” rating for the company. Truist Financial increased their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $137.87.

Read Our Latest Stock Report on Digital Realty Trust

Digital Realty Trust Company Profile

(Free Report)

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.

Further Reading

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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