Federated Hermes Inc. Decreases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Federated Hermes Inc. lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,980 shares of the real estate investment trust’s stock after selling 521 shares during the period. Federated Hermes Inc.’s holdings in Digital Realty Trust were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DLR. Schechter Investment Advisors LLC raised its stake in shares of Digital Realty Trust by 2.4% during the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 78 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Digital Realty Trust by 1.1% during the third quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 97 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Digital Realty Trust by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock valued at $2,164,000 after purchasing an additional 99 shares during the last quarter. Lmcg Investments LLC boosted its position in shares of Digital Realty Trust by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 4,620 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 100 shares in the last quarter. Finally, First Financial Corp IN grew its stake in Digital Realty Trust by 46.6% during the 4th quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 103 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DLR. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 price target on shares of Digital Realty Trust in a report on Friday, February 16th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Truist Financial raised their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. TD Cowen upped their target price on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research report on Friday. Finally, Raymond James lifted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $142.65.

Digital Realty Trust Trading Up 4.9 %

DLR stock opened at $147.02 on Friday. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The business’s 50-day moving average is $142.09 and its 200 day moving average is $137.15. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 3.14 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Insider Buying and Selling

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

Digital Realty Trust Profile

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.