Nisa Investment Advisors LLC Sells 9,369 Shares of Digital Realty Trust, Inc. $DLR

Nisa Investment Advisors LLC lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,287 shares of the real estate investment trust’s stock after selling 9,369 shares during the period. Nisa Investment Advisors LLC’s holdings in Digital Realty Trust were worth $16,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLR. Steigerwald Gordon & Koch Inc. purchased a new position in Digital Realty Trust in the third quarter worth $132,000. Benjamin Edwards Inc. boosted its position in shares of Digital Realty Trust by 9.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 54,186 shares of the real estate investment trust’s stock worth $9,372,000 after purchasing an additional 4,661 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Digital Realty Trust during the 3rd quarter worth $32,000. HB Wealth Management LLC increased its position in Digital Realty Trust by 4.9% during the 3rd quarter. HB Wealth Management LLC now owns 11,126 shares of the real estate investment trust’s stock valued at $1,923,000 after buying an additional 524 shares in the last quarter. Finally, Texas Bank & Trust Co raised its stake in Digital Realty Trust by 28.9% in the third quarter. Texas Bank & Trust Co now owns 5,083 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a report on Monday, October 20th. TD Cowen boosted their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.62.

Insider Activity at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Up 3.6%

DLR stock opened at $158.50 on Friday. The company has a market capitalization of $54.44 billion, a P/E ratio of 40.96, a price-to-earnings-growth ratio of 3.67 and a beta of 1.11. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $187.74. The firm’s fifty day simple moving average is $158.43 and its 200-day simple moving average is $167.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend 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 (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.