First United Bank & Trust Purchases 502 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

First United Bank & Trust boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,094 shares of the real estate investment trust’s stock after acquiring an additional 502 shares during the period. First United Bank & Trust’s holdings in Digital Realty Trust were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DLR. Adirondack Trust Co. grew its holdings in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc grew its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth about $38,000. Finally, First Financial Corp IN purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $178.54 on Tuesday. The company has a market cap of $59.22 billion, a P/E ratio of 150.03, a PEG ratio of 4.48 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock’s 50-day moving average is $183.19 and its 200 day moving average is $166.90. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm earned $1.62 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. Digital Realty Trust’s payout ratio is 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DLR. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Scotiabank boosted their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.32.

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.