FineMark National Bank & Trust Sells 2,013 Shares of Digital Realty Trust, Inc. $DLR

FineMark National Bank & Trust decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,505 shares of the real estate investment trust’s stock after selling 2,013 shares during the quarter. FineMark National Bank & Trust’s holdings in Digital Realty Trust were worth $10,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Place Financial Advisors LLC grew its holdings in shares of Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 57 shares in the last quarter. Nvwm LLC grew its stake in shares of Digital Realty Trust by 1.9% in the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 60 shares in the last quarter. Riverbend Wealth Management LLC increased its holdings in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the last quarter. Decatur Capital Management Inc. raised its position in shares of Digital Realty Trust by 0.4% during the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after buying an additional 61 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Digital Realty Trust by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after acquiring an additional 63 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of recent research reports. Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Raymond James Financial increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Digital Realty Trust in a research report on Thursday, November 13th. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research report on Monday, October 20th. Finally, Loop Capital set a $205.00 target price on shares of Digital Realty Trust in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $198.14.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $159.52 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $171.28 and its two-hundred day moving average is $171.13. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a market capitalization of $54.80 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The business had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s payout ratio is 126.10%.

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.