GAMMA Investing LLC Purchases Shares of 2,456 Digital Realty Trust, Inc. (NYSE:DLR)

GAMMA Investing LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,456 shares of the real estate investment trust’s stock, valued at approximately $345,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Digital Realty Trust by 2.1% in the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after acquiring an additional 971,032 shares in the last quarter. FMR LLC raised its holdings in Digital Realty Trust by 4.8% in the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after acquiring an additional 394,682 shares in the last quarter. Morgan Stanley raised its holdings in Digital Realty Trust by 6.8% in the third quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock valued at $535,658,000 after acquiring an additional 282,825 shares in the last quarter. Northern Trust Corp raised its holdings in Digital Realty Trust by 4.3% in the third quarter. Northern Trust Corp now owns 3,887,691 shares of the real estate investment trust’s stock valued at $470,488,000 after acquiring an additional 160,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Digital Realty Trust by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,151,172 shares of the real estate investment trust’s stock valued at $381,355,000 after acquiring an additional 180,869 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $140.61 on Thursday. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $141.82 and a 200-day moving average of $136.48. The firm has a market cap of $43.91 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given 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 3.47%. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated 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 owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DLR. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and set a $144.00 target price on shares of Digital Realty Trust in a report on Friday, February 16th. Evercore ISI reissued an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a research report on Friday, February 16th. Finally, Citigroup upped their price target 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. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.33.

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.