D.A. Davidson & CO. Has $3.88 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

D.A. Davidson & CO. increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,861 shares of the real estate investment trust’s stock after purchasing an additional 773 shares during the period. D.A. Davidson & CO.’s holdings in Digital Realty Trust were worth $3,884,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Gladstone Institutional Advisory LLC increased its holdings in shares of Digital Realty Trust by 1.2% during 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 acquiring an additional 72 shares during the last quarter. Schechter Investment Advisors LLC boosted its stake in Digital Realty Trust by 2.4% during the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock valued at $450,000 after purchasing an additional 78 shares during the period. Blair William & Co. IL boosted its stake in Digital Realty Trust by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock valued at $2,164,000 after purchasing an additional 99 shares during the period. Gables Capital Management Inc. boosted its stake in Digital Realty Trust by 62.5% during the 4th quarter. Gables Capital Management Inc. now owns 260 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Finally, First Financial Corp IN boosted its stake in Digital Realty Trust by 46.6% during the 4th quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Cowen increased their target price 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. UBS Group increased their target price on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Evercore ISI reiterated an “outperform” rating and issued a $154.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, March 27th. HSBC raised their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.65.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 0.6 %

DLR stock opened at $142.27 on Friday. The business has a fifty day moving average price of $141.37 and a 200 day moving average price of $139.37. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18. The stock has a market capitalization of $44.45 billion, a price-to-earnings ratio of 39.52 and a beta of 0.55. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 dividend on an annualized basis and a yield of 3.43%. Digital Realty Trust’s dividend payout ratio is 135.56%.

Digital Realty Trust Company 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.