First County Bank CT boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 152.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,137 shares of the real estate investment trust’s stock after buying an additional 3,710 shares during the period. First County Bank CT’s holdings in Digital Realty Trust were worth $1,077,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in DLR. Gables Capital Management Inc. bought a new stake in Digital Realty Trust in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc boosted its position in shares of Digital Realty Trust by 56.9% during the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 62 shares during the last quarter. First Community Trust NA bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at approximately $31,000. Solstein Capital LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at $32,000. Finally, Danske Bank A S purchased a new position in shares of Digital Realty Trust in the second quarter valued at $39,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Trading Down 0.8%
Shares of Digital Realty Trust stock traded down $1.44 during trading on Tuesday, hitting $178.72. The stock had a trading volume of 375,893 shares, compared to its average volume of 2,315,457. The firm’s fifty day simple moving average is $186.56 and its 200-day simple moving average is $187.24. The stock has a market cap of $66.31 billion, a PE ratio of 86.78, a PEG ratio of 3.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on DLR shares. Weiss Ratings downgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Evercore reiterated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada upped their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $219.69.
View Our Latest Stock Report on DLR
Insider Activity
In other news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.
Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.
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