Montrusco Bolton Investments Inc. increased its stake in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,528 shares of the real estate investment trust’s stock after purchasing an additional 4,172 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Digital Realty Trust were worth $6,102,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Better Money Decisions LLC bought a new stake in Digital Realty Trust during the second quarter valued at about $31,000. Charter Oak Capital Management LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $38,000. Glassman Wealth Services lifted its holdings in Digital Realty Trust by 49.1% in the 2nd quarter. Glassman Wealth Services now owns 328 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 108 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in Digital Realty Trust by 60.9% in the 3rd quarter. HHM Wealth Advisors LLC now owns 436 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 165 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Digital Realty Trust by 36.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 340 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 90 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered shares of Digital Realty Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $91.00 to $81.00 in a research report on Tuesday, January 3rd. Cowen cut their price objective on Digital Realty Trust to $120.00 in a research report on Thursday, October 20th. Barclays dropped their price target on Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating for the company in a research note on Monday, December 19th. Raymond James reduced their price objective on Digital Realty Trust from $182.00 to $165.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 11th. Finally, BNP Paribas started coverage on Digital Realty Trust in a research report on Wednesday, December 14th. They set a “neutral” rating and a $128.00 target price for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.73.
Insider Buying and Selling
Digital Realty Trust Trading Down 1.4 %
NYSE:DLR traded down $1.50 during mid-day trading on Wednesday, hitting $105.50. 298,943 shares of the stock traded hands, compared to its average volume of 1,766,178. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.94. Digital Realty Trust, Inc. has a 52 week low of $85.76 and a 52 week high of $153.85. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.28 and a beta of 0.48. The firm’s 50 day moving average is $105.56 and its two-hundred day moving average is $110.83.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $4.88 annualized dividend and a dividend yield of 4.63%. Digital Realty Trust’s payout ratio is 100.21%.
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.
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