Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Tufton Capital Management

Tufton Capital Management decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,910 shares of the real estate investment trust’s stock after selling 1,545 shares during the quarter. Tufton Capital Management’s holdings in Digital Realty Trust were worth $3,352,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Digital Realty Trust by 107.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 887 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 460 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $16,975,000. Tyche Wealth Partners LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $228,000. Avior Wealth Management LLC raised its holdings in Digital Realty Trust by 15.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,048 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 138 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Digital Realty Trust by 0.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 210,513 shares of the real estate investment trust’s stock worth $28,331,000 after purchasing an additional 1,814 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James raised their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Evercore ISI reissued an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. Citigroup raised their target price on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Barclays raised their target price on shares of Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $143.33.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR traded up $2.49 during midday trading on Thursday, reaching $138.24. The stock had a trading volume of 349,996 shares, compared to its average volume of 1,968,276. The firm has a fifty day simple moving average of $142.50 and a two-hundred day simple moving average of $135.76. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month 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. The stock has a market cap of $43.17 billion, a P/E ratio of 45.92, a P/E/G ratio of 3.38 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

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.