Stock Yards Bank & Trust Co. Has $2.80 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Stock Yards Bank & Trust Co. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,774 shares of the real estate investment trust’s stock after selling 1,143 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Digital Realty Trust were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DLR. Operose Advisors LLC acquired a new position in Digital Realty Trust during the 3rd quarter valued at about $27,000. Baldwin Brothers LLC MA lifted its position in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 4th quarter valued at about $32,000. Tennessee Valley Asset Management Partners acquired a new position in Digital Realty Trust during the 4th quarter valued at about $32,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $33,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on DLR shares. Raymond James increased their price target on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. Citigroup increased their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Truist Financial increased their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Barclays increased their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.33.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $135.84 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $42.42 billion, a P/E ratio of 45.74, a price-to-earnings-growth ratio of 3.11 and a beta of 0.54. The company’s 50 day moving average price is $141.92 and its two-hundred day moving average price is $136.30. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

About Digital Realty Trust

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.