D.A. Davidson & CO. Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

D.A. Davidson & CO. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,861 shares of the real estate investment trust’s stock after buying an additional 773 shares during the quarter. D.A. Davidson & CO.’s holdings in Digital Realty Trust were worth $3,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its holdings in Digital Realty Trust by 17.7% in the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after buying an additional 35,456 shares during the period. Balentine LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $203,000. Paragon Private Wealth Management LLC grew its holdings in Digital Realty Trust by 14.0% in the 4th quarter. Paragon Private Wealth Management LLC now owns 8,163 shares of the real estate investment trust’s stock valued at $1,099,000 after buying an additional 1,002 shares during the period. Gladstone Institutional Advisory LLC grew its holdings in Digital Realty Trust by 1.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after buying an additional 72 shares during the period. Finally, UBS Group AG grew its holdings in Digital Realty Trust by 45.6% in the 4th quarter. UBS Group AG now owns 784,048 shares of the real estate investment trust’s stock valued at $105,517,000 after buying an additional 245,554 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Price Performance

DLR stock opened at $142.27 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The stock’s 50 day moving average is $141.37 and its two-hundred day moving average is $139.37. The company has a market capitalization of $44.45 billion, a PE ratio of 39.52 and a beta of 0.55.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.43%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Scotiabank lowered Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective on the stock. in a research note on Friday, February 16th. Finally, TD Cowen lifted their price objective on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus target price of $142.65.

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.