Trust Co. of Vermont Sells 885 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Trust Co. of Vermont reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,251 shares of the real estate investment trust’s stock after selling 885 shares during the quarter. Trust Co. of Vermont’s holdings in Digital Realty Trust were worth $1,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Mather Group LLC. grew its position in shares of Digital Realty Trust by 4.2% during the 2nd quarter. Mather Group LLC. now owns 2,960 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 119 shares in the last quarter. DNB Asset Management AS grew its position in shares of Digital Realty Trust by 8.2% during the 2nd quarter. DNB Asset Management AS now owns 62,043 shares of the real estate investment trust’s stock worth $9,434,000 after purchasing an additional 4,713 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Digital Realty Trust by 2.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 26,773 shares of the real estate investment trust’s stock worth $4,071,000 after acquiring an additional 528 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $380,000. Finally, GAMMA Investing LLC boosted its position in shares of Digital Realty Trust by 105.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,733 shares of the real estate investment trust’s stock worth $872,000 after acquiring an additional 2,940 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays increased their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $153.44.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 2.9 %

DLR traded up $4.16 during midday trading on Tuesday, hitting $148.63. The company had a trading volume of 1,333,883 shares, compared to its average volume of 1,919,364. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $46.44 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 10.97 and a beta of 0.59. The stock’s 50 day moving average price is $150.18 and its 200 day moving average price is $145.05.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $1.68 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

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.