Security National Bank of Sioux City Iowa IA lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 24.4% in the 2nd quarter, Holdings Channel reports. The firm owned 16,851 shares of the real estate investment trust’s stock after buying an additional 3,307 shares during the quarter. Digital Realty Trust accounts for 1.2% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 21st biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in Digital Realty Trust were worth $3,026,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of DLR. Cherry Creek Investment Advisors Inc. raised its holdings in Digital Realty Trust by 0.3% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after buying an additional 51 shares in the last quarter. Columbia Bank boosted its stake in shares of Digital Realty Trust by 0.9% during the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after acquiring an additional 53 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Digital Realty Trust by 9.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 55 shares during the last quarter. South Plains Financial Inc. increased its holdings in shares of Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of Digital Realty Trust by 1.3% in the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 56 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Stock Performance
NYSE:DLR traded down $2.06 during mid-day trading on Friday, hitting $182.19. 4,556,057 shares of the company’s stock traded hands, compared to its average volume of 2,382,476. The firm has a market capitalization of $67.59 billion, a price-to-earnings ratio of 88.44, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. The firm has a 50 day moving average of $187.71 and a two-hundred day moving average of $187.10. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is 236.89%.
Insider Transactions at Digital Realty Trust
In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
DLR has been the subject of several analyst reports. Barclays boosted their target price on Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Weiss Ratings downgraded Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. BTIG Research upped their price objective on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, Argus upgraded shares of 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 analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $219.61.
Read Our Latest Stock Analysis on Digital Realty Trust
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.
Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.
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