Washington Trust Bank decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 12.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,300 shares of the real estate investment trust’s stock after selling 4,460 shares during the quarter. Washington Trust Bank’s holdings in Digital Realty Trust were worth $5,441,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DLR. Sunbelt Securities Inc. boosted its stake in shares of Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in Digital Realty Trust during the 2nd quarter worth about $29,000. Bell Investment Advisors Inc lifted its stake in Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 165 shares in the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of Digital Realty Trust in the second quarter worth about $32,000. Institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Trading Down 3.6%
Digital Realty Trust stock opened at $185.26 on Friday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market cap of $68.73 billion, a P/E ratio of 89.93, a P/E/G ratio of 5.26 and a beta of 1.03. The company’s fifty day simple moving average is $187.16 and its 200-day simple moving average is $186.24.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s payout ratio is currently 236.89%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on DLR shares. Cantor Fitzgerald boosted their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $229.00 price target on shares of Digital Realty Trust in a research report on Monday, July 27th. Barclays increased their price objective on Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Finally, Argus raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $219.45.
Check Out Our Latest Report on DLR
Digital Realty Trust Profile
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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